New Issue: Wachovia prices $10 million 0% notes linked to currency basket

By Angela McDaniels

Seattle, Oct. 3 - Wachovia Corp. priced $10,027,650 of 0% principal-protected notes due April 6, 2008 linked to a basket of four emerging market currencies, according to a 424B5 filing with the Securities and Exchange Commission.

The basket contains equal weights of four currencies relative to the dollar: the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.

The payout at maturity will be par plus 155% of any positive gain on the basket. Investors will receive at least par.

Issuer:	Wachovia Corp.
Issue:	Principal-protected notes
Underlying currencies:	Equal weights of the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi relative to the dollar
Amount:	$10,027,650
Maturity:	April 6, 2008
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 155% of any basket gain; floor of par
Pricing date:	Sept. 29
Settlement date:	Oct. 6
Underwriter:	Wachovia Securities
Underwriting discount:	160 basis points
Listing:	"ECN" on the American Stock Exchange

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