New Issue: Wachovia prices $12.5 million 12% enhanced yield notes linked to commodities basket

By Jennifer Chiou

New York, Oct. 31 - Wachovia Corp. priced a $12.5 million offer of 12% enhanced yield notes due Nov. 3, 2009 linked to a basket of commodities, according to a 424B5 filing with the Securities and Exchange Commission.

The basket includes equal weights of gold, WTI crude oil, zinc, aluminum, copper, nickel and lead.

If any component commodity falls below the barrier value of 65% of the initial level on any interest valuation date, the interest rate for that period will be zero.

Payout at maturity will be par plus accrued interest.

Issuer:	Wachovia Corp.
Issue:	Enhanced yield notes
Underlying assets:	Equal weights of gold, WTI crude oil, zinc, aluminum, copper, nickel, lead
Amount:	$12.5 million
Maturity:	Nov. 3, 2009
Coupon:	12%
Price:	Par
Payout at maturity:	Par plus accrued interest
Asset barrier levels:	Gold at $387.56, WTI crude oil at $39.49, zinc at $2,739.75, aluminum at $1,849.25, copper at $4,883.45, nickel at $21,190.00 and lead at $1,072.50
Pricing date:	Oct. 27
Settlement date:	Nov. 3
Underwriter:	Wachovia Securities
Fees:	2.6%

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