New Issue: Wachovia prices $1.05 million 17% enhanced yield notes on First Solar for Eksportfinans

By Susanna Moon

Chicago, July 21 - Eksportfinans ASA priced $1.05 million of 17% annualized enhanced yield securities due Oct. 21, 2008 linked to the common stock of First Solar, Inc. via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the 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.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	First Solar, Inc. (Nasdaq: FSLR)
Amount:	$1,052,000
Maturity:	Oct. 21, 2008
Coupon:	17%, payable monthly
Price:	Par
Payout at maturity:	If the stock falls below the knock-in price during the life of the notes and the final share price is less than the initial share price, 3.5917 First Solar shares; otherwise, par
Initial share price:	$278.42
Knock-in price:	$180.973, or 65% of initial price
Pricing date:	July 17
Settlement date:	July 22
Underwriter:	Wachovia Capital Markets, LLC
Fees:	0.9%

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