Wachovia to price 9% securities linked to Arch Coal

By Angela McDaniels

Seattle, Dec. 8 - Wachovia Corp. plans to price an issue of 9% enhanced-yield securities due Jan. 10, 2008 linked to the common stock of Arch Coal, Inc., according to a 424B5 filing with the Securities and Exchange Commission.

The notes will price sometime in December and settle in January.

Interest will be payable quarterly.

The payout at maturity will be par unless Arch Coal stock declines by 40% or more during the life of the securities and finishes below the initial share price, in which case the payout will be a number of shares of Arch Coal equal to $1,000 divided by the initial share price.

Wachovia Securities will underwrite the offering.

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