By Angela McDaniels
Seattle, July 30 - Wachovia Corp. priced $4,893,560 of 0% strategic access securities due Dec. 30, 2010 linked to a basket of indexes, according to a 424B5 filing with the Securities and Exchange Commission.
The basket includes the Russell 1000 Growth with a 30% weight, the Russell 1000 Value with a 30% weight, the MSCI EAFE with a 20% weight, the S&P MidCap 400 with a 10% weight and the Russell 2000 with a 10% weight.
At maturity or upon exercise of the exchange right, the payout will be par of $10 plus the basket return.
Investors may exercise their exchange rights during the first 10 calendar days of August 2009.
Wachovia Securities is the underwriter.
| Issuer: | Wachovia Corp.
|
| Issue: | Strategic access securities
|
| Underlying basket : | Russell 1000 Growth (30% weight), Russell 1000 Value (30% weight), MSCI EAFE (20% weight), S&P MidCap 400 (10% weight) and Russell 2000 (10% weight)
|
| Amount: | $4,893,560
|
| Maturity: | Dec. 30, 2010
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus the basket return (not principal protected)
|
| Exchangeable: | At par plus the basket return during the first 10 days of August 2009
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Underwriter: | Wachovia Securities
|
| Fees: | 1.25%
|
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