Published on 4/3/2006 in the Prospect News Convertibles Daily.
New Issue: Wachovia sells $14.3 million 0% enhanced growth securities linked to Nikkei 225
By Angela McDaniels
Seattle, April 3 - Wachovia Corp. sold $14,337,700 of 0% of enhanced growth securities due Oct. 1, 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: | $14,337,700
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| Maturity: | Oct. 1, 2009
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus triple any positive return on index, capped at $17.80 for each $10.00 note; full participation in any decline
|
| Pricing date: | March 30
|
| Settlement date: | April 6
|
| Underwriter: | Wachovia Securities
|
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