New Issue - Wachovia prices $1 bln auto loan ABS

Newswire

NEW YORK, Aug 24 (Reuters) - Wachovia Corp. priced on Tuesday $1 billion in asset-backed securities supported by car loans the bank issued or acquired, a source close to the deal said. Wachovia's broker-dealer arm headed the deal's syndicate team that included Barclays Capital, RBS Greenwich Capital and Loop Capital Markets, the source said. The following are terms and conditions of "Wachovia Auto Owner Trust 2004-B" **** Class A-1 Issue Amount $252 million Average Life 0.33 year ...

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