Wells Fargo to price autocallable access notes linked to metals, mining ETF for Eksportfinans

By Angela McDaniels

Tacoma, Wash., Feb. 11 - Eksportfinans ASA plans to price 0% autocallable access securities with fixed percentage buffered downside due March 4, 2013 linked to the SPDR S&P Metals and Mining fund via Wells Fargo Securities, LLC, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a premium if the fund's shares close at or above the initial share price on March 2, 2012, Sept. 4, 2012 or Feb. 25, 2013. The premium is expected to be 9% to 11% per year and will be set at pricing.

If the notes are not called and the share price has not declined 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%.

The notes are expected to price in February and settle in March.

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