New Issue: Eksportfinans prices $0.592 million notes linked to Home Depot

By Jennifer Chiou

New York, Dec. 20 - Eksportfinans ASA priced $0.592 million three-year step-up auto-callable securities (Aces) linked to Home Depot Inc. stock, according to a 424B3 filing with the Securities and Exchange Commission.

Issuer:	Eksportfinans ASA
Issue:	Step-up auto-callable securities (Aces) notes
Underlying stock:	Home Depot Inc.
Amount:	$0.592 million
Maturity:	Dec. 23, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par in cash if Home Depot stock closes at initial level or Home Depot stock closes below initial level and does not trade at or below knock-in level during term of notes; otherwise 23.529 Home Depot shares
Initial level:	$42.50
Knock-in level:	$34.00, 80% of initial level
Exchange ratio:	23.529
Call:	Automatic redemption at 110% of par if Home Depot stock is above initial level on Dec. 18, 2006, at 120% of par if Home Depot stock is above initial level on Dec. 17, 2007, at 130% if Home Depot stock is above initial level on Dec. 16, 2008
Pricing date:	Dec. 16
Settlement date:	Dec. 21
Agent:	Deutsche Bank

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