New Issue: Wells Fargo prices $2.39 million 17% enhanced yield notes on Wynn Resorts for Eksportfinans

By Jennifer Chiou

New York, Oct. 1 - Eksportfinans ASA priced $2.39 million of 17% annualized enhanced yield securities due April 5, 2010 linked to the common stock of Wynn Resorts, Ltd. via underwriter Wells Fargo Securities, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless Wynn Resorts stock declines by 35% or more during the life of the notes and finishes below the initial share price, in which case investors will receive a number of Wynn Resorts shares equal to $1,000 divided by the initial share price.

Issuer:	Eksportfinans ASA
Issue:	Enhanced yield securities
Underlying stock:	Wynn Resorts, Ltd. (Nasdaq: WYNN)
Amount:	$2,393,000
Maturity:	April 5, 2010
Coupon:	17%, payable monthly
Price:	Par
Payout at maturity:	If Wynn Resorts stock falls to or below knock-in price during life of notes and finishes below initial share price, 13.6519 Wynn Resorts shares; otherwise, par
Initial share price:	$73.25
Knock-in price:	$47.613, 65% of initial price
Pricing date:	Sept. 29
Settlement date:	Oct. 2
Underwriter:	Wells Fargo Securities, LLC
Fees:	1.25%

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