New Issue: Wachovia sells $13.306 million 13.5% enhanced yield securities linked to Chesapeake Energy

By Jennifer Chiou

New York, Dec. 9 - Wachovia Corp. sold $13.306 million of 13.5% enhanced yield securities due Dec. 30, 2006 linked to Chesapeake Energy Corp. stock, according to a 424B5 filing with the Securities and Exchange Commission.

Issuer:	Wachovia Corp.
Issue:	Enhanced yield securities
Underlying stock:	Chesapeake Energy Corp.
Amount:	$13.306 million
Maturity:	Dec. 30, 2006
Coupon:	13.5%, payable quarterly
Price:	Par
Yield:	13.5%
Payout at maturity:	Par unless stock falls below knock-in price of $23.5950 during term of notes and the final stock price is less than the initial price of $31.46, in which case a number of Chesapeake shares equal to $1,000/$31.46
Knock-in price:	$23.5950, 75% of initial price of $31.46
Pricing date:	Dec. 8
Settlement date:	Dec. 13
Listing:	"WDB.W" on American Stock Exchange
Underwriter:	Wachovia Securities

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