New Issue: Wachovia prices $2.85 million notes linked to Russell 2000

By Jennifer Chiou

New York, Aug. 26 - Wachovia Corp. priced $2.85 million notes in the Lunars (leveraged upside indexed accelerated return securities) structure linked to the Russell 2000 Index, according to a 424B5 filed with the Securities and Exchange Commission.

At maturity, holders will receive double any percentage increase in the underlying index, capped at $1,120 per $1,000 principal amount, or participate fully in any decline.

Issuer:	Wachovia Corp.
Issue:	Lunars (leveraged upside indexed accelerated return securities) notes
Underlying index:	Russell 2000
Amount:	$2.85 million
Maturity:	Sept. 30, 2006
Coupon:	0%
Price:	Par
Payout at maturity:	Double any increase in index, capped at $1,120 per $1,000 principal amount; full participation in any decrease in index
Underwriter:	Wachovia Securities
Pricing date:	Aug. 25
Settlement date:	Sept. 1

© 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.