E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/2/2010 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo prices $3.53 million access notes linked to Rogers International Commodity index

By Angela McDaniels

Tacoma, Wash., Nov. 2 - Wells Fargo & Co. priced $3.53 million of 0% access securities due May 6, 2016 linked to the Rogers International Commodity Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the index return, subject to a minimum payout of $900 and a maximum payout of $1,550 per $1,000 principal amount of notes.

Wells Fargo Securities, LLC is the agent.

Issuer:Wells Fargo & Co.
Issue:Access securities
Underlying index:Rogers International Commodity Index - Excess Return
Amount:$3.53 million
Maturity:May 6, 2016
Coupon:0%
Price:Par
Payout at maturity:Par plus index return, subject to maximum loss of 10% and maximum gain of 55%
Initial index level:2,638.22
Pricing date:Oct. 29
Settlement date:Nov. 5
Underwriter:Wells Fargo Securities, LLC
Fees:3%
Cusip:94986RBC4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.