By Angela McDaniels
Tacoma, Wash., March 30 - Wells Fargo & Co. priced $4.87 million of 0% market-linked notes due Oct. 7, 2016 linked to the performance of a basket of currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Australian dollar with a 33.4% weight, the Norwegian krone with a 33.3% weight and the Canadian dollar with a 33.3% weight.
The payout at maturity will be par plus the percentage change in the basket level from the starting level to the average ending level, subject to a minimum return of 2%.
The average ending level will be calculated using the average of the basket currencies' exchange rates on the last currency trading day of each March and September, beginning in September 2012 and ending in September 2016. The basket is designed to appreciate if the components appreciate relative to the U.S. dollar.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked notes
|
| Underlying currencies: | Australian dollar (33.4% weight), Norwegian krone (33.3% weight) and Canadian dollar (33.3% weight)
|
| Amount: | $4,874,000
|
| Maturity: | Oct. 7, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus percentage change in basket level from starting level to average ending level, subject to minimum return of 2%
|
| Initial exchange rates: | 1.03765 for Australian dollar; 0.17383 for Norwegian krone; 1.00346 for Canadian dollar
|
| Average ending level: | Calculated using average of currencies' exchange rates on nine semiannual averaging dates beginning in September 2012 and ending in September 2016
|
| Pricing date: | March 28
|
| Settlement date: | April 4
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.25%
|
| Cusip: | 94986RHY0
|
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