Wachovia plans 90% principal-protected notes linked to three indexes

By Jennifer Chiou

New York, March 29 - Wachovia Corp. plans to issue 90% principal-protected notes due April 15, 2011 linked to a basket of three indexes, according to a 424B5 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Dow Jones Industrial Average, Nikkei 225 and Dow Jones Euro Stoxx 50.

Payout at maturity will be par plus 119% of any basket gain. Investors will receive at least 90% of the principal amount.

Wachovia Securities will be the underwriter.

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