Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Wachovia Corp. > News item |
Wachovia to sell Enhanced Growth Securities linked to Amex Gold BUGS
By Jennifer Chiou
New York, June 1 - Wachovia Corp. is planning to offer notes in the Enhanced Growth Securities structure linked to the Amex Gold BUGS index, according to a 424B5 filing with the Securities and Exchange Commission.
The notes do not pay interest.
The securities will mature on July 10, 2007 and will also have currency protection.
At maturity, the notes will pay par plus triple the percentage increase of the index, capped at a payment expected to be between $12.525 and $12.625 per $10.00 par. Holders will participate fully in any decline. 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.
Wachovia Securities will be the underwriter.
© 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.