New Issue: Wachovia sells $16.59 million 9.5% enhanced yield securities linked to Halliburton

By Laura Lutz

Washington, Feb. 1 - Wachovia Corp. priced a $16.594 million offering of 9.5% enhanced yield securities due Feb. 5, 2008 linked to the common stock of Halliburton Co., according to a 424B5 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of Halliburton stock. If the stock trades at or below $23.63, the knock-in price, and closes below $29.54, the initial price, between Jan. 31, 2007 and the valuation date, investors will receive a number of Halliburton shares equal to $1,000 divided by the initial stock price. The knock-in price is 80% of the initial price.

Otherwise, investors will receive par in cash.

Issuer:	Wachovia Corp.
Issue:	Enhanced yield securities
Underlying stock:	Halliburton Co.
Amount:	$16.594 million
Maturity:	Feb. 5, 2008
Coupon:	9.5%, payable quarterly
Price:	Par
Payout at maturity:	If Halliburton stock closes below the knock-in price during the life of the notes and finishes below the initial price, 33.8524 shares of Halliburton stock; otherwise par in cash
Initial price:	$29.54
Knock-in price:	$23.63, 80% of $29.54
Exchange ratio:	33.8524
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	Wachovia Securities
Fees:	2.25%
Distribution:	Off shelf

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