Wachovia to price enhanced yield securities linked to Home Depot for Eksportfinans

By Angela McDaniels

Tacoma, Wash., June 17 - Eksportfinans ASA plans to price enhanced yield securities due Jan. 6, 2009 linked to the common stock of Home Depot, Inc. via Wachovia Capital Markets, LLC, according to an FWP filing with the Securities and Exchange Commission.

The six-month notes will pay an annualized coupon of 10% to 11%, with the exact rate to be set at pricing. Interest will be payable monthly.

The payout at maturity will be par unless Home Depot stock falls by 25% 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 Home Depot shares equal to par divided by the initial share price.

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