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Published on 3/18/2008 in the Prospect News Structured Products Daily.

New Issue: Natixis prices $500,000 27.75% reverse convertibles linked to Rambus for Eksportfinans

By Susanna Moon

Chicago, March 18 - Eksportfinans ASA priced $500,000 of 27.75% reverse convertible notes due June 20, 2008 linked to the common stock of Rambus Inc. via Natixis Securities North America Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the stock falls by more than 50% during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Rambus shares equal to $1,000 divided by the initial share price.

Issuer:Eksportfinans ASA
Issue:Reverse convertible notes
Underlying stock:Rambus Inc. (Nasdaq: RMBS)
Amount:$500,000
Maturity:June 20, 2008
Coupon:27.75%, payable monthly
Price:Par
Payout at maturity:If the stock closes below the knock-in price during the life of the notes and the final share price is less than the initial share price, 57.6037 Rambus shares; otherwise, par
Initial share price:$17.36
Knock-in price:$8.68, or 50% of initial share price
Pricing date:March 18
Settlement date:March 20
Agent:Natixis Securities North America Inc.
Fees:1.35%

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