Wachovia to price absolute return range notes linked to iShares MSCI EAFE

By Angela McDaniels

Seattle, Aug. 9 - Wachovia Corp. plans to price an offering of 0% absolute return range notes due March 5, 2009 linked to the iShares MSCI EAFE index fund, according to a 424B8 filing with the Securities and Exchange Commission.

If the fund's share price does not cross the upper or lower barriers during the life of the notes, the payout at maturity will be par plus the absolute value of the share price return. If the share price is ever above or below the barriers, the payout will be par.

The upper and lower barriers will be 19% to 21% above and below the initial share price, respectively.

Wachovia Securities will be the underwriter.

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