New Issue: Wachovia prices $3.98 million 22% enhanced yield notes linked to SanDisk for Eksportfinans

By Laura Lutz

Des Moines, March 18 - Eksportfinans ASA priced $3.98 million of 22% enhanced yield securities due Sept. 25, 2008 linked to the common stock of SanDisk Corp. via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par in cash unless SanDisk stock falls by more than 25% during the life of the notes - a knock-in event - and the stock finishes below the initial price, in which case the payout will be a number of SanDisk shares equal to par divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	SanDisk Corp. (Nasdaq: SNDK)
Amount:	$3,976,000
Maturity:	Sept. 25, 2008
Coupon:	22%, payable monthly
Price:	Par
Payout at maturity:	Par in cash unless SanDisk stock falls by more than 25% during the life of the notes and the stock finishes below the initial price, in which case a number of SanDisk shares equal to par divided by the initial share price
Initial share price:	$22.15
Knock-in price:	$16.613, 75% of initial share price
Pricing date:	March 14
Settlement date:	March 19
Underwriter:	Wachovia Capital Markets, LLC
Fees:	1.25%

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