New Issue: Merrill Lynch sells $37.19 million accelerated notes tied to agriculture index for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Aug. 1 - Eksportfinans ASA priced $37.19 million of 0% Accelerated Return Notes due Sept. 28, 2012 linked to the Rogers International Commodity Index - Agriculture Excess Return via Bank of America Merrill Lynch, according to a 424B2 filing with the Securities and Exchange Commission.

Of the total amount, $30.19 million priced at par and $7 million priced at 99.5.

The payout at maturity will be par of $10 plus triple any increase in the index level, subject to a maximum return of 15.6%. Investors will be exposed to any index decline.

Issuer:	Eksportfinans ASA
Issue:	Accelerated Return Notes
Underlying index:	Rogers International Commodity Index - Agriculture Excess Return
Amount:	$37,193,364
Maturity:	Sept. 28, 2012
Coupon:	0%
Price:	Par of $10 for $30,193,364; 99.5 for $7 million
Payout at maturity:	Par plus triple any index increase, up to maximum return of 15.6%; full exposure to any index decline
Initial index level:	1,145.16
Pricing date:	July 28
Settlement date:	Aug. 4
Underwriter:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	28264M483

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