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 enhanced yield securities linked to Whole Foods
By Jennifer Chiou
New York, May 14 - Wachovia Corp. plans to price enhanced yield securities due June 5, 2008 linked to Whole Foods Market, Inc. stock, according to a 424B5 filing with the Securities and Exchange Commission.
The securities are talked to yield 9.5% to 10%, payable quarterly.
Payout at maturity will be par unless Whole Foods stock falls below the knock-in price during the life of the securities and the final stock price is less than the initial stock price, in which case holders will receive a number of Whole Foods shares equal to $1,000 divided by the initial stock price.
The knock-in price will be 80% of the initial stock price.
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.