New Issue: Eksportfinans sells $1 million 9% notes linked to St. Jude Medical

By Angela McDaniels

Seattle, Sept. 14 - Eksportfinans ASA priced a $1 million issue of 9% knock-in reverse convertible securities due Sept. 18, 2007 linked to the common stock of St. Jude Medical, Inc., according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par unless St. Jude Medical stock trades below the knock-in level of $26.271 during the life of the notes and finishes below the initial share price, in which case the payout will be a number of St. Jude Medical shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Knock-in reverse convertible securities
Underlying stock:	St. Jude Medical, Inc.
Amount:	$1 million
Maturity:	Sept. 18, 2007
Coupon:	9%, payable quarterly
Price:	Par
Payout at maturity:	Par in cash unless St. Jude Medical stock trades below the knock-in level of $26.271 and finishes below the initial share price, in which case payout will be 26.645 shares of St. Jude Medical stock
Initial share price:	$37.53
Knock-in price:	$26.271, 70% of initial price
Pricing date:	Sept. 12
Settlement date:	Sept. 18
Agent:	IXIS Securities North America Inc.
Distribution:	Off shelf

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