New Issue: Eksportfinans prices $390,000 17.3% reverse convertibles linked to AMR via Natixis

By Laura Lutz

Des Moines, March 7 - Eksportfinans ASA priced $390,000 of 17.3% reverse convertible notes due Jan 26, 2009 linked to the common stock of AMR Corp. via Natixis Securities North America Inc., according to a 424B3 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

If AMR stock falls below the knock-in price - 50% of the initial share price - during the life of the notes and finishes below the initial price, the payout at maturity will be a number of AMR shares equal to par divided by the initial share price.

Otherwise, the payout will be par.

Issuer:	Eksportfinans ASA
Issue:	Reverse convertible notes
Underlying stock:	AMR Corp. (Symbol: AMR)
Amount:	$390,000
Maturity:	Sept. 10, 2008
Coupon:	17.3%
Price:	Par
Payout at maturity:	If stock falls below knock-in price and finishes below initial price, AMR shares equal to par divided by initial price; otherwise, par
Initial price:	$12.89
Knock-in price:	$6.445, 50% of initial price
Pricing date:	March 5
Settlement date:	March 10
Underwriter:	Natixis Securities North America Inc.
Fees:	2.75%

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