By Susanna Moon
Chicago, Dec. 29 - Wells Fargo & Co. priced $4.92 million of 0% growth securities with upside participation to a cap and fixed percentage buffered downside due July 8, 2014 linked to a basket of 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 50% weight, the iShares Russell 2000 index fund with a 25% weight and the SPDR S&P MidCap 400 ETF Trust with a 25% weight.
The payout at maturity will be par plus double any basket gain, up to a maximum return of 30%.
Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond 10%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Growth securities
|
| Underlying basket: | SPDR S&P 500 ETF Trust (50% weight), the iShares Russell 2000 index fund (25% weight), SPDR S&P MidCap 400 ETF Trust (25% weight)
|
| Amount: | $4,919,000
|
| Maturity: | July 8, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any basket gain, capped at 30%; par if basket falls by up to 10%; exposure to losses beyond 10%
|
| Initial fund levels: | $124.92 for S&P 500, $73.52 for Russell and $158.40 for MidCap
|
| Threshold level: | 90% of initial price
|
| Pricing date: | Dec. 28
|
| Settlement date: | Jan. 4
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 1.75%
|
| Cusip: | 94986RGR6
|
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