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Published on 6/30/2010 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo prices $638,000 enhanced growth notes linked to S&P 500 for Eksportfinans

By Angela McDaniels

Tacoma, Wash., June 30 - Eksportfinans ASA priced $638,000 of 0% enhanced growth securities with upside participation to a cap and fixed percentage buffered downside due Jan. 3, 2014 linked to the S&P 500 index via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 125% of any index gain, subject to a maximum return of 31%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

Issuer:Eksportfinans ASA
Issue:Enhanced growth securities with upside participation to a cap and fixed percentage buffered downside
Underlying index:S&P 500
Amount:$638,000
Maturity:Jan. 3, 2014
Coupon:0%
Price:Par
Payout at maturity:Par plus 125% of any index gain, up to maximum return of 31%; par if index declines by 15% or less; 1% loss for every 1% decline beyond 15%
Initial index level:1,074.57
Pricing date:June 28
Settlement date:July 1
Underwriter:Wells Fargo Securities, LLC
Fees:2.5%
Cusip:282645VB3

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