New Issue: Wachovia prices $12.6 million 10% enhanced yield securities linked to Consol Energy

By Angela McDaniels

Seattle, March 31 - Wachovia Corp. priced $12,595,000 of 10% enhanced yield securities due April 20, 2007 linked to Consol Energy Inc. stock, according to a 424B5 filing with the Securities and Exchange Commission.

Issuer:	Wachovia Corp.
Issue:	Enhanced yield securities
Underlying stock:	Consol Energy Inc.
Amount:	$12,595,000
Maturity:	April 20, 2007
Coupon:	10%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Consol Energy stock falls below knock-in price of $55.0125 during term of notes and the final stock price is less than the initial price of $73.35, in which case 13.63326 Consol Energy shares
Knock-in price:	$55.0125, 75% of initial price of $73.35
Exchange ratio:	13.63326 Consol Energy shares, equal to $1,000/$73.35
Pricing date:	March 30
Settlement date:	April 4
Listing:	"WAC.B" on American Stock Exchange
Underwriter:	Wachovia Securities

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