New Issue: Wachovia prices $6.526 million 10% notes linked to Las Vegas Sands

By Angela McDaniels

Seattle, Oct. 30 - Wachovia Corp. priced a $6.526 million issue of 10% enhanced yield securities due Nov. 5, 2007 linked to the common stock of Las Vegas Sands Corp., according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par unless Las Vegas Sands stock is equal to or lesser than the knock-in price of $52.53 during the life of the securities and finishes below the initial price of $75.04, in which case the payout will be a number of Las Vegas Sands shares equal to $1,000 divided by the initial share price.

Issuer:	Wachovia Corp.
Issue:	Enhanced yield securities
Underlying stock:	Las Vegas Sands Corp.
Amount:	$6.526 million
Maturity:	Nov. 5, 2007
Coupon:	10%, payable quarterly
Price:	Par
Payout at maturity:	Par unless Las Vegas Sands hits the knock-in price of $52.53 during the life of the securities and finishes below the initial price of $75.04, in which case 13.3262 Las Vegas Sands shares
Initial share price:	$75.04
Knock-in price:	$52.53, 70% of initial share price
Pricing date:	Oct. 27
Settlement date:	Nov. 1
Underwriter:	Wachovia Securities
Underwriting discount:	225 basis points, or 200 bps if the securities are sold on an agency basis only

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