New Issue: Wachovia prices $100 million 0.25% notes exchangeable for three oil stock

New York, Nov. 7 - Wachovia Corp. priced $100 million of 0.25% notes due 2010 exchangeable for three oil industry stocks, according to a 424B3 filing with the Securities and Exchange Commission.

The underlying shares are Amerada Hess Corp., Halliburton Co., and Nabors Industries Ltd., all equally weighted. The value of each stock on the pricing date was $292.0136.

Issuer:	Wachovia Corp.
Underlying stocks:	Amerada Hess Corp., Halliburton Co., and Nabors Industries Ltd. (equally weighted)
Issue:	Exchangeable notes
Amount:	$100 million
Maturity:	Dec. 15, 2010
Coupon:	0.25%
Price:	Par
Yield:	0.25%
Exchange ratio:	2.27455 for Amerada Hess, 4.68684 for Halliburton, 4.12985 for Nabors
Call:	Nov. 10, 2007 onwards at par, exchange for underlying stocks if more valuable
Pricing date:	Nov. 2
Settlement date:	Nov. 9
Manager:	Wachovia Securities
Listing:	"WDB.U" on American Stock Exchange

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