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Wachovia to issue 0% enhanced growth notes linked to Energy Select Sector index
By Jennifer Chiou
New York, Jan. 9 - Wachovia Corp. plans to price 0% enhanced growth securities due Aug. 5, 2008 linked to the Energy Select Sector index, according to a 424B5 filing with the Securities and Exchange Commission.
If the index increases, the payout at maturity will be par plus triple the gain. The return will be capped at between $11.90 and $12.10 per $10.00 security, with the exact cap to be determined at pricing.
Investors will share fully in losses.
Wachovia Securities will be the underwriter.
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