Wachovia to price 0% enhanced growth securities linked to index basket

By Jennifer Chiou

New York, June 7 - Wachovia Corp. plans to price 0% enhanced growth securities due Jan. 5, 2011 linked to a basket of international indexes, according to a 424B5 filing with the Securities and Exchange Commission.

The basket will include equal weights of the Dow Jones Euro Stoxx 50, FTSE 100, MSCI Taiwan, Nikkei 225 and S&P/ASX 200 indexes.

The payout at maturity will be par of $10.00 plus 130% to 135% of any basket gain. The exact percentage will be determined at pricing.

Investors will share in losses up to 20%. The minimum payout is $8.00 per security.

Wachovia Securities will be the underwriter.

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