Wachovia to price 0% enhanced growth notes linked to index basket

By Angela McDaniels

Seattle, Feb. 8 - Wachovia Corp. plans to price an offering of 0% enhanced growth securities due Aug. 10, 2010 linked to a basket of indexes, according to a 424B5 filing with the Securities and Exchange Commission.

The basket will include equal weights of the Dow Jones Euro Stoxx 50, FTSE 100, MSCI Taiwan, Nikkei 225 and S&P/ASX 200 indexes.

The payout at maturity will be par of $10 plus 130% to 135% of any basket gain. The exact percentage will be determined at pricing.

Investors will lose 0.5% for each 1% decline in the basket.

Wachovia Securities will be the underwriter.

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