New Issue: Wachovia prices $14.859 million 9.5% enhanced yield securities linked to Consol Energy

By Jennifer Chiou

New York, June 4 - Wachovia Corp. priced $14.859 million of 9.5% enhanced yield securities due June 5, 2008 linked to Consol Energy Inc. stock, according to a 424B5 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless Consol Energy stock falls below the knock-in price of $36.44 during the life of the notes and the final stock price is less than the initial price of $48.59, in which case investors will receive 20.5804 Consol Energy shares.

Wachovia Securities is the underwriter.

Issuer:	Wachovia Corp.
Issue:	Enhanced yield securities
Underlying stock:	Consol Energy Inc.
Amount:	$14.859 million
Maturity:	June 5, 2008
Coupon:	9.5%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Consol Energy stock falls below knock-in price of $36.44 during term of notes and the final stock price is less than the initial price of $48.59, in which case 20.5804 Consol Energy shares
Initial price:	$48.59
Knock-in price:	$36.44, 75% of initial price of $48.59
Exchange ratio:	20.5804 Consol Energy shares, equal to $1,000 divided by $48.59
Pricing date:	May 31
Settlement date:	June 5
Underwriter:	Wachovia Securities
Fees:	2.25%

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