Wachovia to price enhanced yield securities linked to Ford

By Angela McDaniels

Seattle, Aug. 8 - Wachovia Corp. plans to price 14% to 15% enhanced yield securities due June 5, 2008 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The payout at maturity will be par unless Ford stock closes at or below the knock-in price - which will be 30% below the initial share price - during the life of the securities and the final share price is below the initial share price, in which case the payout will be a number of Ford shares equal to $1,000 divided by the initial share price.

Wachovia Capital Markets, LLC will be the underwriter.

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