Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Wachovia Corp. > News item |
Wachovia to price 0% principal-protected notes linked to currencies
By Jennifer Chiou
New York, Jan. 4 - Wachovia Corp. plans to price an issue of 0% principal-protected notes linked to a basket of emerging market currencies, according to a 424B5 filing with the Securities and Exchange Commission.
The underlying basket includes equal weights of the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi relative to the dollar.
The notes will price at par of $10.00.
At maturity, investors will receive the greater of par or the basket performance amount times a to-be-determined participation rate.
Wachovia Securities will be the underwriter.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.