New Issue: Wells Fargo prices $4.32 million 11.5% enhanced yield securities on Petrobras for Eksportfinans

By E. Janene Geiss

Philadelphia, Sept. 17 - Eksportfinans ASA priced $4.32 million of 11.5% annualized enhanced yield securities due March 18, 2010 linked to the American Depositary Shares of Petroleo Brasileiro SA (Petrobras) via Wells Fargo Securities, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless Petrobras ADSs fall by 25% or more during the life of the notes and finish below the initial price, in which case investors will receive a number of Petrobras ADSs equal to $1,000 divided by the initial price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying shares:	Petroleo Brasileiro SA (NYSE: PBR)
Amount:	$4,322,000
Maturity:	March 18, 2010
Coupon:	11.5%, payable monthly
Price:	Par
Payout at maturity:	If Petrobras ADSs fall to or below the knock-in price during the life of the notes and finish below the initial price, 22.482 Petrobras ADSs; otherwise, par
Initial share price:	$44.48
Knock-in price:	$33.36, 75% of initial price
Pricing date:	Sept. 15
Settlement date:	Sept. 18
Underwriter:	Wells Fargo Securities, LLC
Fees:	1.25%

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