New Issue: Wachovia sells $6.193 million 8.25% enhanced yield securities linked to Newmont Mining

By Jennifer Chiou

New York, Nov. 23 - Wachovia Corp. sold $6.193 million of 8.25% of enhanced yield securities due Dec. 1, 2006 linked to Newmont Mining Corp. stock, according to a 424B5 filing with the Securities and Exchange Commission.

Issuer:	Wachovia Corp.
Issue:	Enhanced yield securities
Underlying stock:	Newmont Mining Corp.
Amount:	$6.193 million
Maturity:	Dec. 1, 2006
Coupon:	8.25%, payable quarterly
Price:	Par
Yield:	8.25%
Payout at maturity:	Par unless stock falls below trigger price during term of notes, in which case par multiplied by final stock price divided by initial stock price, capped at par
Trigger price:	$35.415, 75% of initial price of $47.22
Pricing date:	Nov. 22
Settlement date:	Nov. 30
Listing:	"WDB.T" on American Stock Exchange
Underwriter:	Wachovia Securities

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