Published on 5/27/2005 in the Prospect News Convertibles Daily.
New Issue: Wachovia prices $11.21 million notes linked to S&P 500
New York, May 27 - Wachovia Corp. priced $11.21 million notes in the Lunars (leveraged upside indexed accelerated return securities) structure linked to the S&P 500 index, according to a 424B5 filed with the Securities and Exchange Commission.
At maturity, holders will receive double any increase in the underlying index, capped at $1,150 per $1,000 principal amount, or participate fully in any decline.
Wachovia Corp. was underwriter.
| Issuer: | Wachovia Corp.
|
| Issue: | Lunars (leveraged upside indexed accelerated return securities) notes
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| Underlying index: | S&P 500
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| Amount: | $11.209 million
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| Maturity: | Dec. 4, 2006
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Double any increase in index, capped at $1,150 per $1,000 principal amount; full participation in any decrease in index
|
| Underwriter: | Wachovia Securities
|
| Pricing date: | May 26
|
| Settlement date: | June 3
|
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