Wells Fargo plans access securities on Brazil ETF for Eksportfinans

By Susanna Moon

Chicago, Jan. 7 - Eksportfinans ASA plans to price 0% autocallable access securities with fixed percentage buffered downside due Feb. 5, 2013 based on the performance of the iShares MSCI Brazil index 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 call premium if the fund closes at or above the initial level on any of three call dates.

The call premium will be 9% to 11% if the notes are called on Feb. 6, 2012, 13.5% to 16.5% if called on Aug. 6, 2012 and 18% to 22% if called on Jan. 29, 2013. The exact call premiums will be set at pricing.

The payout at maturity will be par if the shares fall by up to 10%.

Investors will be exposed to any fund decline beyond 10%.

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

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