Published on 4/3/2006 in the Prospect News Convertibles Daily.
New Issue: Wachovia prices $5.5 million principal-protected notes linked to Nikkei 225
By Angela McDaniels
Seattle, April 3 - Wachovia Corp. issued $5,458,450 of 0% notes due April 1, 2011 with 90% principal protection linked to the Nikkei 225 Index, according to a 424B5 filing with the Securities and Exchange Commission.
| Issuer: | Wachovia Corp.
|
| Issue: | 90% principal-protected notes
|
| Underlying index: | Nikkei 225
|
| Amount: | $5,458,450
|
| Maturity: | April 1, 2011
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If the index finishes higher than its initial level, par plus 125% of any positive return; full exposure to any decline of up to 10%; floor of $9.00
|
| Pricing date: | March 30
|
| Settlement date: | April 6
|
| Underwriter: | Wachovia Securities
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
