New Issue: Wachovia sells $5.19 million access securities linked to MidCap SPDR Trust for Eksportfinans

By Susanna Moon

Chicago, Oct. 2 - Eksportfinans ASA priced $5.19 million of 0% access securities with buffered downside due April 5, 2010 linked to the MidCap SPDR Trust Series-1 via Wachovia Capital Markets, LLC, according to a 424B3 filing with the Securities and Exchange Commission.

Payout at maturity will be par plus any fund gain, up to a maximum payment of $1,240 per $1,000 note.

Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

Issuer:	Eksportfinans ASA
Issue:	Access securities with buffered downside
Underlying index:	MidCap SPDR Trust Series-1
Amount:	$5,189,000
Maturity:	April 5, 2010
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any share gain, capped at 24%; par if fund falls by up to 10% and 1.1111% loss for every 1% decline beyond 10%
Initial fund price:	$131.80
Buffer price:	$118.62, or 90% of the initial fund price
Pricing date:	Sept. 30
Settlement date:	Oct. 3
Agent:	Wachovia Capital Markets, LLC
Fees:	2%

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