New Issue: Wells Fargo prices $17.65 million autocallable access notes tied to S&P 500 for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Dec. 1 - Eksportfinans ASA priced $17.65 million of 0% autocallable access securities with fixed percentage buffered downside due Dec. 5, 2012 linked to the S&P 500 index via Wells Fargo Securities, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a premium if the index closes at or above the initial level on any of three call dates. The premium is 7% if the notes are called on Dec. 5, 2011, 10.5% if called on June 5, 2012 and 14% if called on Nov. 28, 2012.

If the notes are not called and the index has not declined by more than 10%, the payout at maturity will be par. Investors will lose 1% for every 1% that the index declines beyond 10%.

Issuer:	Eksportfinans ASA
Issue:	Autocallable access securities
Underlying index:	S&P 500
Amount:	$17,645,000
Maturity:	Dec. 5, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par if index has not declined by more than 10%; otherwise, 1% loss for every 1% that index declines beyond 10%
Call:	Automatically at par plus 7% per year if index closes at or above initial level on Dec. 5, 2011, June 5, 2012 or Nov. 28, 2012
Initial index level:	1,187.76
Pricing date:	Nov. 29
Settlement date:	Dec. 2
Underwriter:	Wells Fargo Securities, LLC
Fees:	2.25%
Cusip:	282645VF4

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