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Wachovia to price 0% commodity-linked notes due 2010
By Jennifer Chiou
New York, Oct. 3 - Wachovia Corp. plans to price an issue of 0% principal-protected notes linked to a basket of six commodities, according to a 424B5 filing with the Securities and Exchange Commission.
The underlying basket includes equal weights of WTI crude oil, gold, copper, aluminum, nickel and lead.
At maturity, investors will receive par plus the basket return times a to-be-determined participation rate. Investors will receive at least par.
Wachovia Securities will be the underwriter.
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