Wachovia to price 19.25% enhanced yield securities linked to General Motors

By Jennifer Chiou

New York, June 20 - Wachovia Corp. plans to price an issue of 19.25% enhanced yield securities due July 10, 2007 linked to General Motors Corp. stock, according to a 424B5 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

Payout at maturity will be par unless General Motors' stock falls below the knock-in price during the life of securities and the final stock price is less than the initial price, in which case holders will receive a number of General Motors shares equal to $1,000 divided by the initial stock price.

The knock-in price will be 60% of the initial stock price.

The securities will not be listed.

Wachovia Securities will be the underwriter.

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