Published on 6/25/2010 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $4.1 million enhanced growth notes on index basket
By Marisa Wong
Milwaukee, June 25 - Wells Fargo & Co. priced $4.1 million of 0% enhanced growth securities due July 8, 2013 linked to a global equity basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 45% weight, the MSCI EAFE index with a 20% weight, the Russell 2000 index with a 20% weight and the MSCI Emerging Markets index with a 15% weight.
The payout at maturity will be par plus 1.25 times any basket gain, subject to a maximum return of 32%. Investors will receive par for losses up to 20% and will share in any losses beyond 20%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Enhanced growth securities
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Underlying indexes: | S&P 500 (45% weight), MSCI EAFE (20% weight), Russell 2000 (20% weight) and MSCI Emerging Markets (15% weight)
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Amount: | $4,098,000
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Maturity: | July 8, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.25 times any basket gain, up to maximum return of 32%; par if basket falls by 20% or less; full exposure to losses beyond 20%
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Initial index levels: | 1,092.04 for S&P 500; 1,405.14 for MSCI EAFE; 644.25 for Russell 2000 and 960.21 for MSCI Emerging Markets
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Pricing date: | June 23
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Settlement date: | June 28
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Underwriter: | Wells Fargo Securities, LLC
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Fees: | 2.25%
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Cusip: | 94986RAA9
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