FWP - 10yr Floating Rate
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Filed pursuant to Rule 433

Registration No. 333-125271

Wachovia Corporation

$650,000,000 Three-Month LIBOR Floating Rate Subordinated Notes due October 15, 2016

 

Issuer:

   Wachovia Corporation   

Principal Amount:

   $650,000,000   

Settlement Date:

   October 23, 2006   

Maturity Date:

   October 15, 2016   

Interest Rate & Spread:

   3 Month USD-LIBOR-BBA plus 0.37%   

Coupon Reset Dates:

   Quarterly on the 15th of January, April, July and October   

First Coupon Reset Date:

   January 16, 2007   

Payment Dates:

   Quarterly on the 15th of January, April, July and October   

First Payment Date:

   January 16, 2007   

Business Day Convention:

   Modified Following Business Day (London & New York Business Days)   

Index Definition:

   USD-LIBOR-BBA means that the rate for a Coupon Reset Date will be the rate for deposits in U.S. Dollars for a period of the Index Maturity which appears on the Telerate Page 3750 as of 11:00 a.m., GMT, on the day that is two London Banking days preceding that Coupon Reset Date.   

Day Count Basis:

   Actual/ 360   

Price to Public:

   100%   

Gross Spread:

   0.45%   

Gross Spread ($):

   $2,925,000   

Net Proceeds to Issuer:

   $647,075,000   

CUSIP / ISIN:

   929903CJ9 / US929903CJ96   

Sole Book-Running Lead Manager:

   Wachovia Capital Markets, LLC    $ 581,750,000

Co-Managers:

   BB&T Capital Markets, a division of Scott & Stringfellow, Inc.    $ 9,750,000
   Citigroup Global Markets Inc.    $ 9,750,000
   Loop Capital Markets, LLC    $ 9,750,000
   Morgan Stanley & Co. Incorporated    $ 9,750,000
   Muriel Siebert & Co., Inc.    $ 9,750,000
   Samuel A. Ramirez & Company, Inc.    $ 9,750,000
   Sandler O’Neill & Partners, L.P.    $ 9,750,000

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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-326-5897 or you may e-mail a request to syndicate.ops@wachovia.com. The issuer intends to apply to the Luxembourg Stock Exchange to list the Notes for trading thereon. No assurance can be given that any such listing will be obtained, or if obtained, will be maintained.