New Issue: Wachovia sells $10.7 million 0% notes linked to Nikkei

By Jennifer Chiou

New York, Jan. 31 - Wachovia Corp. sold $10,703,390 of 0% principal-protected notes due June 30, 2009 linked to the Nikkei 225 index, according to a 424B5 filing with the Securities and Exchange Commission.

The notes offer 92% principal protection.

At maturity, investors will receive any percentage gain in the index. Holders will participate in any decline, with a floor of 92%. Because the payout is linked to the percentage change in the index rather than the dollar value of the stocks underlying the index, there is no currency risk.

Issuer:	Wachovia Corp.
Issue:	Principal-protected notes
Underlying index:	Nikkei 225
Amount:	$10,703,390
Maturity:	June 30, 2009
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Investors receive the percentage gain or loss on the index, minimum payout of 92%
Initial index level:	16,551.23 (on Jan. 30)
Pricing date:	Jan. 27
Settlement date:	Feb. 3
Underwriter:	Wachovia Securities

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