By Jennifer Chiou
New York, June 1 - Wachovia Corp. priced $4.048 million 0% notes in the Enhanced Growth Securities structure linked to the Nikkei 225 index, according to a 424B5 filing with the Securities and Exchange Commission.
The securities mature on Nov. 30, 2009.
At maturity, the notes will pay par plus triple the percentage increase of the index, capped at $17.80 per $10.00 par. Holders will participate fully in any decline. Because the payout is linked to the percentage change in the index rather than the dollar value of the stocks underlying the index, there is no currency risk.
| Issuer: | Wachovia Corp.
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| Issue: | Enhanced Growth Securities
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| Underlying index: | Nikkei 225
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| Amount: | $4.048 million
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| Maturity: | Nov. 30, 2009
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus triple any positive return on index, capped at $17.80 for each $10.00 note; full participation in any decline
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| Pricing date: | May 30
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| Settlement date: | June 6
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| Underwriter: | Wachovia Securities
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