Wachovia to price enhanced yield securities linked to SanDisk

By Laura Lutz

Des Moines, Nov. 15 - Wachovia Corp. plans to price an issue of enhanced yield securities due Dec. 5, 2007 linked to the common stock of SanDisk Corp.

Interest will be payable quarterly at a rate between 13.5% and 14.5%, with the exact level to be set on the pricing date.

At maturity, investors will receive par unless SanDisk stock falls below the knock-in price - 70% of the initial share price - during the life of the notes and finishes below the initial share price, in which case the payout will be a number of SanDisk shares equal to $1,000 divided by the initial share price.

Wachovia Securities will be the underwriter.

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