Published on 7/25/2011 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $26.75 million enhanced growth notes on Russell 2000
By Susanna Moon
Chicago, July 25 - Wells Fargo & Co. priced $26.75 million of 0% enhanced growth securities due Jan. 30, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 17.625%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Wells Fargo Securities, LLC is the underwriter.
Issuer: | Wells Fargo & Co.
|
Issue: | Enhanced growth securities
|
Underlying index: | Russell 2000
|
Amount: | $26.75 million
|
Maturity: | Jan. 30, 2013
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 150% of any index gain, capped at 17.625%; par if index falls by 20% or less; 1% loss for every 1.25% drop beyond 20%
|
Initial index level: | 841.26
|
Threshold level: | 673.01, 80% of initial level
|
Pricing date: | July 21
|
Settlement date: | July 28
|
Underwriter: | Wells Fargo Securities, LLC
|
Fees: | 0.15%
|
Cusip: | 94986REV9
|
© 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.