Published on 5/2/2005 in the Prospect News Convertibles Daily.
New Issue: Wachovia prices $4.52 million notes linked to a global equity basket
New York, May 2 - Wachovia Corp. issued $4.52 million of notes in the Astros (Asset Return Obligation Securities) structure linked to a global equity basket.
The payout at maturity is par plus the return on a basket of three indexes. Investors will receive a minimum of par. The basket is made up of the S&P 500, the Dow Jones Euro Stoxx 50 and the Amex Hong Kong 30, each equally weighted.
Wachovia Securities was underwriter for the deal.
| Issuer: | Wachovia Corp.
|
| Issue: | Astros (Asset Return Obligation Securities) senior notes, series 2005-2
|
| Underlying index: | S&P 500, Dow Jones Euro Stoxx 50, Amex Hong Kong 30
|
| Amount: | $4.518 million
|
| Maturity: | May 5, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Return on basket, each index weighted equally, minimum of par
|
| Pricing date: | April 28
|
| Settlement date: | May 5
|
| Underwriter: | Wachovia Securities
|
| Listing: | "WDB.I" on American Stock Exchange
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
