By Susanna Moon
Chicago, Nov. 12 - Wells Fargo & Co. priced $4.08 million of 0% enhanced growth securities due May 18, 2015 based on a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR S&P 500 ETF trust with a 45% weight, the iShares MSCI EAFE index fund with a 20% weight, the iShares Russell 2000 index fund with a 20% weight and the iShares MSCI Emerging Markets index fund with a 15% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a return of $1,550 per $1,000 principal amount.
Investors will receive par if the basket falls by up to 40% and will be exposed to any decline beyond 40%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced growth securities
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| Underlying ETFs: SPDR S&P 500 ETF trust (45% weight), iShares MSCI EAFE index fund (20% weight), iShares Russell 2000 index fund (20% weight) and iShares MSCI Emerging Markets index fund (15% weight)
|
| Amount: | $4.08 million
|
| Maturity: | May 18, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any basket gain, capped at 55%; exposure to losses beyond 40%
|
| Initial share prices: | $122.09 for SPDR; $73.36 for iShares Russell; $58.42 for iShares MSCI EAFE; $48.03 for iShares MSCI EM
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| Pricing date: | Nov. 10
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| Settlement date: | Nov. 18
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| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.5%
|
| Cusip: | 94986RBJ9
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