By Angela McDaniels
Tacoma, Wash., Sept. 9 - Wells Fargo & Co. priced $1.5 million of 0% access securities with upside participation to a cap and contingent downside protection due Sept. 10, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the gain, subject to a minimum return of 8% and a maximum return of 62%.
If the index return is between 0% and negative 40%, the payout will be par plus 8%.
If the index return is less than negative 40%, the payout will be par plus the index return.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Access securities
|
| Underlying index: | S&P 500
|
| Amount: | $1.5 million
|
| Maturity: | Sept. 10, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any positive index return, subject to minimum return of 8% and maximum return of 62%; if index return is between 0% and negative 40%, par plus 8%; if index return is less than negative 40%, par plus index return
|
| Initial index level: | 1,091.84
|
| Pricing date: | Sept. 7
|
| Settlement date: | Sept. 10
|
| Underwriter: | Wells Fargo Securities, LLC
|
| Fees: | 2.5%
|
| Cusip: | 94986RAS0
|
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