Published on 1/31/2006 in the Prospect News Convertibles Daily.
New Issue: Wachovia sells $4.128 million 13% enhanced yield securities linked to Google
By Jennifer Chiou
New York, Jan. 31 - Wachovia Corp. sold $4.128 million of 13% enhanced yield securities due Feb. 1, 2007 linked to Google Inc. stock, according to a 424B5 filing with the Securities and Exchange Commission.
| Issuer: | Wachovia Corp.
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| Issue: | Enhanced yield securities
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| Underlying stock: | Google Inc.
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| Amount: | $4.128 million
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| Maturity: | Feb. 1, 2007
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| Coupon: | 13%, payable quarterly
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| Price: | Par
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| Yield: | 13%
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| Payout at maturity: | Par unless Google stock falls below knock-in price of $320.115 during term of notes and the final stock price is less than the initial price of $426.82, in which case a number of Google shares equal to $1,000/$426.82
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| Knock-in price: | $320.115, 75% of initial price of $426.82
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| Pricing date: | Jan. 30
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| Settlement date: | Feb. 2
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| Listing: | "WDB.X" on American Stock Exchange
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| Underwriter: | Wachovia Securities
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