Published on 12/9/2005 in the Prospect News Convertibles Daily.
New Issue: Wachovia sells $8.669 million 9% enhanced yield securities linked to Halliburton
By Jennifer Chiou
New York, Dec. 9 - Wachovia Corp. sold $8.669 million of 9% enhanced yield securities due Dec. 30, 2006 linked to Halliburton Co. 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: | Halliburton Co.
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Amount: | $8.669 million
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Maturity: | Dec. 30, 2006
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Coupon: | 9%, payable quarterly
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Price: | Par
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Yield: | 9%
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Payout at maturity: | Par unless stock falls below knock-in price of $50.0325 during term of notes and the final stock price is less than the initial price of $66.71, in which case a number of Halliburton shares equal to $1,000/$66.71
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Knock-in price: | $50.0325, 75% of initial price of $66.71
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Pricing date: | Dec. 8
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Settlement date: | Dec. 13
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Listing: | "WDB.V" on American Stock Exchange
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Underwriter: | Wachovia Securities
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