By Angela McDaniels
Tacoma, Wash., Dec. 2 - Wells Fargo & Co. priced $5.08 million of 0% market-linked notes due June 7, 2017 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the SPDR S&P 500 ETF trust with a 60% weight, the iShares MSCI EAFE index fund with a 30% weight and the iShares MSCI Emerging Markets index fund with a 10% weight.
If the final basket level is greater than the initial level, the payout at maturity will be par plus 106% of the gain. Otherwise, investors will receive par.
The final basket level will be calculated using the average component prices of the underlying ETFs. For each ETF, its average component price will be the average of its closing share prices on the last day of May and November of each year from May 2011 through May 2017.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked notes
|
| Underlying ETFs: | SPDR S&P 500 ETF trust (60% weight), iShares MSCI EAFE index fund (30% weight) and iShares MSCI Emerging Markets index fund (10% weight)
|
| Amount: | $5,078,000
|
| Maturity: | June 7, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 106% of any basket gain; floor of par
|
| Initial share prices: | $118.48 for SPDR; $54.25 for iShares MSCI EAFE; $44.77 for iShares MSCI Emerging Markets
|
| Final share prices: | For each ETF, the average of its closing price on the last day of May and November of each year from May 2011 through May 2017
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 7
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 3%
|
| Cusip: | 94986RBQ3
|
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