New Issue: Wachovia prices $6.39 million 90% principal-protected notes linked to index basket

By Angela McDaniels

Seattle, March 2 - Wachovia Corp. priced a $6.39 million issue of zero-coupon 90% principal-protected notes due April 15, 2011 linked to a basket of indexes, according to a 424B5 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Dow Jones Euro Stoxx 50, Dow Jones Industrial Average and Nikkei 225 indexes.

The payout at maturity will be par plus 122% of any percentage increase in the basket. If the basket declines, investors will lose 1% for each 1% decline up to a maximum loss of 10%.

Issuer:	Wachovia Corp.
Issue:	90% principal-protected notes
Underlying indexes:	Dow Jones Euro Stoxx 50, Dow Jones Industrial Average and Nikkei 225, equally weighted
Amount:	$6.39 million
Maturity:	April 15, 2011
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 122% of any basket gain; 1% loss for each 1% basket decline, subject to a minimum payout of $900 per $1,000 principal amount
Initial index levels:	4,181.03 for Euro Stoxx; 12,354.35 for Dow Industrials; 17,287.61 for Nikkei
Pricing date:	March 29
Settlement date:	April 5
Underwriter:	Wachovia Securities
Underwriting discount:	2.5%

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