New Issue: Wachovia prices $6 million protected notes linked to currency basket vs. euro for Eksportfinans

By Jennifer Chiou

New York, Aug. 1 - Eksportfinans ASA priced $6 million of zero-coupon 100% principal-protected currency-linked notes due Feb. 6, 2011 linked to the performance of a basket of currencies versus the euro via underwriter Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

The basket includes the Brazilian real, Russian ruble, Indian rupee, Singapore dollar, Australian dollar, Norwegian krone and Mexican peso, equally weighted.

If the basket appreciates relative to the euro, the payout at maturity will be par plus 135% of the appreciation. If the basket remains flat or depreciates relative to the euro, the payout will be par.

Issuer:	Eksportfinans ASA
Issue:	Principal-protected notes
Underlying currencies:	Equal weights of the Brazilian real, Russian ruble, Indian rupee, Singapore dollar, Australian dollar, Norwegian krone and Mexican peso, all relative to the euro
Amount:	$6 million
Maturity:	Feb. 6, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, 135% of any basket return; otherwise, par
Pricing date:	July 30
Settlement date:	Aug. 6
Agent:	Wachovia Capital Markets, LLC
Fees:	2%

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