Wachovia to price 16%-17% enhanced yield securities linked to First Solar for Eksportfinans

By Angela McDaniels

Tacoma, Wash., July 3 - Eksportfinans ASA plans to price 16% to 17% annualized enhanced yield securities due Oct. 21, 2008 linked to the common stock of First Solar, Inc. via underwriter Wachovia Capital Markets, LLC, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The payout at maturity will be par unless First Solar stock falls by 35% or more during the life of the notes and finishes below the initial share price, in which case the payout will be a number of First Solar shares equal to $1,000 divided by the initial share price.

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