New Issue: Wells Fargo sells $1.25 million 0% enhanced growth securities for Eksportfinans

By Susanna Moon

Chicago, Aug. 3 - Eksportfinans ASA priced $1.25 million of 0% enhanced growth securities with leveraged upside and buffered downside due Aug. 5, 2011 linked to the S&P 500 index, according to a 424B3 filing with the Securities and Exchange Commission.

Wells Fargo Securities, LLC is the agent.

The payout at maturity will be par plus triple any gain in the index, up to a maximum payout of $1,200 per $1,000 principal amount of notes.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% per 1% decline beyond 10%.

Issuer:	Eksportfinans ASA
Issue:	Enhanced growth securities with leveraged upside and buffered downside
Underlying index:	S&P 500
Amount:	$1,252,000
Maturity:	Aug. 5, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% any index gain, capped at $1,200 per note; par for losses up to 10% and 1.1111% loss per 1% drop beyond 10%
Initial index level:	986.75
Buffer level:	888.08, or 90% of initial level
Pricing date:	July 30
Settlement date:	Aug. 4
Agent:	Wells Fargo Securities, LLC
Fees:	2.25%

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