New Issue: Wells Fargo sells $2.12 million 16.75% enhanced yield notes on First Solar for Eksportfinans

By Susanna Moon

Chicago, Feb. 1 - Eksportfinans ASA priced $2.12 million of 16.75% annualized enhanced yield securities due Aug. 5, 2010 linked to the common stock of First Solar Inc., according to an FWP filing with the Securities and Exchange Commission.

Wells Fargo Securities, LLC is the agent.

Interest is payable monthly.

The payout at maturity will be par unless First Solar stock falls by 25% or more during the life of the notes and finishes below the initial share price, in which case investors will receive 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. (NYSE: FSLR)
Amount:	$2,122,000
Maturity:	Aug. 5, 2010
Coupon:	16.75%, payable monthly
Price:	Par
Payout at maturity:	If the stock falls to or below the knock-in price during the life of the notes and finishes below the initial price, 8.7451 First Solar shares; otherwise, par
Initial share price:	$114.35
Knock-in price:	$85.763, or 75% of initial price
Pricing date:	Jan. 28
Settlement date:	Feb. 2
Agent:	Wells Fargo Securities, LLC
Fees:	1.25%
Cusip:	282645UD0

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