By Susanna Moon
Chicago, June 15 - Wells Fargo & Co. priced $3 million of 0% access securities due Dec. 17, 2012 based on a basket of four indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 40% weight, the MSCI EAFE index with a 30% weight, the Russell 2000 index with a 20% weight and the MSCI Emerging Markets index with a 10% weight.
A knock-in event occurs if the basket ever falls to or below 80% of the initial price.
If the basket finishes above its initial level, the payout at maturity will be par plus any gain, up to a maximum payout of $1,250 per $1,000 principal amount of notes.
If the basket finishes at or below its initial price, the payout will be par unless a knock-in event occurs, in which case investors will be exposed to any losses.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Access securities
|
| Underlying basket: | S&P 500 index (40% weight), MSCI EAFE index (30% weight), Russell 2000 index (20% weight) and MSCI Emerging Markets index (10% weight)
|
| Amount: | $3 million
|
| Maturity: | Dec. 17, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, capped at 25%; par for any decline unless fund ever dips to or below 80% of initial price, in which case, exposure to losses
|
| Initial index levels: | 1,091.60 for S&P; 1,362.60 for EAFE; 649 for Russell; and 917.18 for Emerging Markets
|
| Pricing date: | June 11
|
| Settlement date: | June 18
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2%
|
| Cusip: | 94986RAB7
|
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