By Angela McDaniels
Tacoma, Wash., Oct. 2 - Wells Fargo & Co. priced $3.91 million of 0% market-linked notes due Oct. 7, 2019 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 65% weight, the iShares MSCI EAFE index fund with a 25% weight and the iShares MSCI Emerging Markets index fund with a 10% weight.
If the final basket level is greater than the initial basket level, the payout at maturity will be par plus the basket return. If the final basket level is less than or equal to the initial basket level, the payout will be par.
The initial basket level will be 100. The final basket level will be 100 plus an amount equal to one plus the sum of (a) 65% of the return of the SPDR S&P 500, (b) 25% of the return of the iShares MSCI EAFE and (c) 10% of the return of the iShares MSCI Emerging Markets.
When calculating a basket component's return, its final share price will be the average of its closing share prices on the last trading day of each March, June, September and December from December 2012 through September 2019.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked notes
|
| Underlying ETFs: | SPDR S&P 500 ETF Trust (65% weight), iShares MSCI EAFE index fund (25% weight) and iShares MSCI Emerging Markets index fund (10% weight)
|
| Amount: | $3,911,000
|
| Maturity: | Oct. 7, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final basket level is greater than initial basket level, par plus basket return; if final basket level is less than or equal to initial basket level, par
|
| Initial share prices: | $143.93 for SPDR S&P 500; $53.000 for iShares MSCI EAFE; $41.32 for iShares MSCI Emerging Markets
|
| Final basket level: | Calculated using average of each basket component's closing share prices on last trading day of each March, June, September and December from December 2012 through September 2019
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 3
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 94986RLM1
|
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