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Published on 11/30/2009 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo sells $6.00 million enhanced growth securities linked to equity index basket

New York, Nov. 30 - Wells Fargo & Co. priced $6.00 million of 0% enhanced growth securities with partial principal protection due June 7, 2013 linked to a basket of equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is made up of the S&P 500 index, with a 50% weight, and the S&P MidCap 400 and Russell 2000 indexes, each with a 25% weight.

The payout at maturity will be par plus 1.5 times any gain in the basket, up to a maximum payout of $1,520 per $1,000 principal amount of notes.

If the basket declines by up to 15%, the payout will be par. Investors will lose 1% for each 1% decline in the basket beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:Eksportfinans ASA
Issue:Enhanced growth securities with partial principal protection
Underlying basket:S&P 500 index, with a 50% weight, S&P MidCap 400, with a 25% weight, Russell 2000, with a 25% weight.
Amount:$6,002,000
Maturity:June 7, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus 150% of any basket gain, capped at 52%; par for losses up to 15%; exposure to losses beyond 15%
Initial index levels:S&P 500: 1105.65; S&P MidCap 400 index: 692.89; Russell 2000 index: 592.58
Pricing date:Nov. 24
Settlement date:Dec. 2
Agent:Wells Fargo Securities, LLC
Fees:2.25%

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