By Jennifer Chiou
New York, Dec. 1 - Wachovia Corp. priced a $13,753,260 issue of 0% enhanced growth securities due June 15, 2010 linked to a basket of indexes, according to a 424B5 filing with the Securities and Exchange Commission.
The basket contains equal weights of the Dow Jones Euro Stoxx 50, FTSE 100, MSCI Taiwan, Nikkei 225 and S&P/ASX 200 indexes.
The payout at maturity will be par plus any positive return on the basket, which will be multiplied by 130%.
If the final basket level is less than the initial basket level, the payout at maturity will be par minus 50% of the decline in the basket.
Wachovia Securities is the underwriter.
| Issuer: | Wachovia Corp.
|
| Issue: | Enhanced growth securities
|
| Underlying basket: | Equal weights of the Dow Jones Euro Stoxx 50, FTSE 100, MSCI Taiwan, Nikkei 225 and S&P/ASX 200 indexes
|
| Amount: | $13,753,260
|
| Maturity: | June 15, 2010
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 130% of the basket gain; investors share in 50% of any basket decline
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 6
|
| Underwriter: | Wachovia Securities
|
| Fees: | 2.75%
|
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