By Susanna Moon
Chicago, June 30 - Wells Fargo & Co. priced $2.88 million of 0% enhanced growth securities due Jan. 7, 2016 linked to 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 Russell 2000 index fund with a 20% weight, the iShares MSCI EAFE index fund with a 20% weight and the iShares MSCI Emerging Market index fund with a 15% weight.
The payout at maturity will be par plus 1.5 times any gain in the basket, up to a maximum return of 55%.
Investors will receive par if the basket falls by up to 15% and will be exposed to any losses beyond 15%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced growth securities
|
| Underlying funds: | SPDR S&P 500 ETF Trust (45% weight), iShares Russell 2000 index fund (20% weight), iShares MSCI EAFE index fund (20% weight) and iShares MSCI Emerging Market index fund (15% weight)
|
| Amount: | $2,877,000
|
| Maturity: | Jan. 7, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any basket gain, capped at 55%; par if basket falls by 15% or less; exposure to losses beyond 15%
|
| Initial share prices: | $129.61 for SPDR; $81.85 for Russell; $58.26 for MSCI EAFE; $46.66 for MSCI EM
|
| Pricing date: | June 28
|
| Settlement date: | July 6
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.5%
|
| Cusip: | 94986RDZ1
|
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