Published on 1/31/2006 in the Prospect News Convertibles Daily.
New Issue: Wachovia sells $6.637 million 0% enhanced growth securities linked to Nikkei 225
By Jennifer Chiou
New York, Jan. 31 - Wachovia Corp. sold $6.637 million of 0% of enhanced growth securities due Sept. 30, 2009 linked to the Nikkei 225 index, according to a 424B5 filing with the Securities and Exchange Commission.
| Issuer: | Wachovia Corp.
|
| Issue: | Enhanced growth securities
|
| Underlying index: | Nikkei 225
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| Amount: | $6,636,640
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| Maturity: | Sept. 30, 2009
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| Coupon: | 0%
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| Price: | Par of $10.00
|
| Payout at maturity: | Par plus double any positive return on index, capped at $22.00 for each $10.00 note; full participation in any decline
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 3
|
| Underwriter: | Wachovia Securities
|
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