New Issue: Wachovia sells $40.818 million 9.5% enhanced yield securities linked to Sunoco

By Laura Lutz

Washington, Nov. 30 - Wachovia Corp. priced $40.818 million of 9.5% enhanced yield securities due Dec. 5, 2007 linked to Sunoco, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Sunoco stock. If the stock trades at or below $50.79, the knock-in price, and closes below $67.72, the initial price, between Nov. 29, 2006 and Nov. 28, 2007, investors will receive a number of Sunoco shares equal to $1,000 divided by the initial stock price. The knock-in price is 75% of the initial price.

Otherwise, investors will receive par in cash.

Issuer:	Wachovia Corp.
Issue:	Enhanced yield securities
Underlying stock:	Sunoco, Inc.
Amount:	$40.818 million
Maturity:	Dec. 5, 2007
Coupon:	9.5%, payable monthly
Price:	Par
Payout at maturity:	If Sunoco stock closes below the knock-in price during the life of the notes and finishes below the initial price, 14.7667 shares of Sunoco stock; otherwise par in cash
Initial price:	$67.72
Knock-in price:	$50.79, 75% of $67.72
Exchange ratio:	14.7667
Pricing date:	Nov. 29
Settlement date:	Dec. 4
Agent:	Wachovia Securities
Distribution:	Off shelf

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