Eksportfinans plans Accelerated Return Notes on Rogers commodity index

By Toni Weeks

San Diego, May 3 - Eksportfinans ASA plans to price of 0% Accelerated Return Notes due July 2012 linked to the Rogers International Commodity index - Agriculture Excess Return, according to an FWP filing with the Securities and Exchange Commission.

Merrill Lynch is the underwriter.

The payout at maturity will be par of $10.00 plus triple any gain in the index, capped at 17% to 21%. The exact cap will be set at pricing.

Investors will be fully exposed to losses.

The notes are expected to price in May and settle in June.

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