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Published on 2/1/2011 in the Prospect News Structured Products Daily.

New Issue: Wells prices $5.13 million autocallable access notes on iShares MSCI Brazil for Eksport

By Jennifer Chiou

New York, Feb. 1 - Eksportfinans ASA priced $5.13 million of 0% autocallable access securities due Feb. 5, 2013 linked to the iShares MSCI Brazil index fund via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called if the exchange-traded fund's shares close at or above the initial price on Feb. 6, 2012, Aug. 6, 2012 or Jan. 29, 2013. Investors will receive par plus a premium of 9% per year.

If the notes are not called and the final share price is at least 90% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the share price declines beyond 10%.

Issuer:Eksportfinans ASA
Issue:Autocallable access securities
Underlying ETF:iShares MSCI Brazil index fund
Amount:$5,133,000
Maturity:Feb. 5, 2013
Coupon:0%
Price:Par
Payout at maturity:Par if fund has not declined by more than 10%; otherwise, 1% loss for every 1% that fund declines beyond 10%
Call:Automatically at par plus 9% per year if fund closes at or above initial level on Feb. 6, 2012, Aug. 6, 2012 or Jan. 29, 2013
Initial share price:$72.55
Pricing date:Jan. 28
Settlement date:Feb. 2
Underwriter:Wells Fargo Securities, LLC
Fees:2%
Cusip:282645VM9

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