New Issue: Wachovia prices $3.26 million enhanced growth securities linked to Amex Gold BUGS

By Laura Lutz

Des Moines, Aug. 1 - Wachovia Corp. priced a $3,257,090 issue of 0% enhanced growth securities due Feb. 10, 2009 linked to the Amex Gold BUGS index, according to a 424B5 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus three times the gain on the index. Otherwise, the payout will be par times the index performance.

Wachovia Securities is the underwriter.

Issuer:	Wachovia Corp.
Issue:	Enhanced growth securities
Underlying basket:	Amex Gold BUGS index
Amount:	$3,257,090
Maturity:	Feb. 10, 2009
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus triple gain if index increases; otherwise, par times index performance
Pricing date:	July 31
Settlement date:	Aug. 3
Underwriter:	Wachovia Securities
Fees:	2.5%

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