Published on 8/30/2006 in the Prospect News Convertibles Daily.
New Issue: Wachovia sells $9 million 0% enhanced growth securities linked to S&P 500
By Jennifer Chiou
New York, Aug. 30 - Wachovia Corp. sold $9 million of 0% enhanced growth securities due March 5, 2008 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.
At maturity the notes will pay par plus double any positive return on index, capped at a 15% return, with full participation in any decline.
| Issuer: | Wachovia Corp.
|
| Issue: | Enhanced growth securities
|
| Underlying index: | S&P 500
|
| Amount: | $9,008,390
|
| Maturity: | March 5, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any positive return on index, capped at 15% return, full participation in any decline
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 1
|
| Underwriter: | Wachovia Securities
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
