New Issue: Wachovia sells $5.36 million 7% trigger notes linked to Nabors Industries

New York, April 19 - Wachovia Corp. sold $5.36 million of 7% one-year notes linked to Nabors Industries Ltd. common stock in the Trigger Capitals structure, according to a 424B5 filing with the Securities and Exchange Commission.

Issuer:	Wachovia Corp.
Issue:	Trigger Capitals senior notes
Underlying stock:	Nabors Industries Ltd.
Amount:	$5.361 million
Maturity:	April 25, 2006
Coupon:	7%, payable quarterly
Price:	Par
Yield:	7%
Payout at maturity:	Par unless stock falls below trigger price during term of notes, in which case par multiplied by final stock price divided by initial stock price, capped at par
Trigger price:	$38.97, 70% of initial price of $55.6752
Conversion price:	$55.6752
Pricing date:	April 18
Settlement date:	April 25
Listing:	"WDB.J" on American Stock Exchange
Underwriter:	Wachovia Securities

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