Wachovia to price 0% enhanced growth securities linked to Nikkei 225

By Angela McDaniels

Seattle, May 1 - Wachovia Corp. plans to price an offering of 0% enhanced growth securities due Dec. 10, 2008 linked to the Nikkei 225 index, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain. The payout will be capped at between $12.50 and $13.00 per $10.00 note, with the exact cap to be set at pricing.

Investors will be fully exposed to any index decline.

Wachovia Securities will be the underwriter.

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