New Issue: Wachovia sells $11.929 million 8.75% notes linked to Newmont Mining

By Angela McDaniels

Seattle, Dec. 29 - Wachovia Corp. priced an $11.929 million issue of 8.75% enhanced yield securities due Jan. 10, 2008 linked to Newmont Mining Corp. common stock, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par unless Newmont Mining stock trades at or below the knock-in price of $36.38 during the life of the securities and finishes below its initial share price of $45.47, in which case the payout will be a number of Newmont Mining shares equal to $1,000 divided by the initial share price.

Issuer:	Wachovia Corp.
Issue:	Enhanced yield securities
Underlying stock:	Newmont Mining Corp.
Amount:	$11.929 million
Maturity:	Jan. 10, 2008
Coupon:	8.75%, payable quarterly
Price:	Par
Payout at maturity:	If Newmont Mining stock trades below the knock-in price during the life of the securities and finishes below the initial price, 21.9925 shares of Newmont Mining stock; otherwise par in cash
Initial share price:	$45.47
Knock-in price:	$36.38, 80% of initial share price
Pricing date:	Dec. 28
Settlement date:	Jan. 3
Underwriter:	Wachovia Securities
Underwriting discount:	2.25%

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