New Issue: Wells Fargo prices $2.99 million autocallables linked to metals, mining ETF for Eksportfinans

By Angela McDaniels

Tacoma, Wash., May 27 - Eksportfinans ASA priced $2.99 million of 0% autocallable access securities with fixed percentage buffered downside due May 31, 2013 linked to the SPDR S&P Metals and Mining fund via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a premium of 9% per year if the fund's shares close at or above the initial share price on May 31, 2012, Nov. 30, 2012 or May 23, 2013.

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

Issuer:	Eksportfinans ASA
Issue:	Autocallable access securities with fixed percentage buffered downside
Underlying ETF:	SPDR S&P Metals and Mining Fund
Amount:	$2,987,000
Maturity:	May 31, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par if final share price is at least 90% of initial share price; otherwise, 1% loss for every 1% that share price declines beyond 10%
Call:	Automatically at par plus premium of 9% per year if fund's shares close at or above initial share price on May 31, 2012, Nov. 30, 2012 or May 23, 2013
Initial share price:	$69.40
Pricing date:	May 25
Settlement date:	May 31
Underwriter:	Wells Fargo Securities, LLC
Fees:	2%
Cusip:	282645VY3

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