New Issue: Wells Fargo sells $16.5 million enhanced growth securities on S&P 500 for Eksportfinans

By Susanna Moon

Chicago, Nov. 14 - Eksportfinans ASA priced $16.5 million of 0% enhanced growth securities with capped upside due Nov. 16, 2012 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 1.5 times any gain in the index, up to a maximum payout of $1,127.50 per $1,000 principal amount of notes.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

Issuer:	Eksportfinans ASA
Issue:	Enhanced growth securities with capped upside
Underlying index:	S&P 500
Amount:	$16.5 million
Maturity:	Nov. 16, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 12.75%; par if index falls by up to 20% and 1.25% loss per 1% drop beyond 20%
Initial index level:	1,229.10
Buffer level:	983.28, or 80% of initial level
Pricing date:	Nov. 9
Settlement date:	Nov. 15
Agent:	Wells Fargo Securities, LLC
Fees:	0.1%
Cusip:	282645WK2

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