New Issue: Wells Fargo sells $3.66 million autocallables linked to iShares Russell 2000 for Eksportfinans

By Susanna Moon

Chicago, July 1 - Eksportfinans ASA priced $3.66 million of 0% autocallable access securities with fixed percentage buffered downside due July 1, 2013 linked to the iShares Russell 2000 index fund via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call premium of 7% per year if the fund closes above the initial level on July 2, 2012, Jan. 2, 2013 or June 24, 2013.

The payout at maturity will be par if the shares fall by up to 10%. Investors will lose 1% for every 1% that the fund declines beyond 10%.

Issuer:	Eksportfinans ASA
Issue:	Autocallable access securities
Underlying fund:	iShares Russell 2000 index fund
Amount:	$3,661,000
Maturity:	July 1, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par for losses of up to 10%; 1% loss for each 1% that fund drops beyond 10%
Call:	At par plus 7% per year if fund closes above initial level on July 2, 2012, Jan. 2, 2013 or June 24, 2013
Initial level:	$82.20
Buffer level:	$73.98, or 90% of initial price
Pricing date:	June 29
Settlement date:	July 5
Underwriter:	Wells Fargo Securities, LLC
Fees:	2%
Cusip:	282645WA4

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