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