By Angela McDaniels
Tacoma, Wash., March 1 - Wells Fargo & Co. priced $2.3 million of 0% upside participation ETF-linked notes due March 6, 2020 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.
The payout at maturity will be par plus 103% of any basket gain. If the basket declines, the payout will be par. The final basket level will be the average of the basket's closing levels on the last trading day of each February, May, August and November from May 2013 through February 2020.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Upside participation ETF-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: | $2.3 million
|
| Maturity: | March 6, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 103% of any basket gain; if basket declines, par
|
| Initial share prices: | $151.91 for SPDR S&P 500; $58.27 for iShares MSCI EAFE; $43.41 for iShares MSCI Emerging Markets
|
| Final basket level: | Average of basket's closing levels on last trading day of each February, May, August and November from May 2013 through February 2020
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 6
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 94986RNF4
|
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