By Susanna Moon
Chicago, June 2 - Wells Fargo & Co. priced $5.48 million of 0% enhanced growth securities due Dec. 7, 2015 linked to a basket of funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of SPDR S&P 500 exchange-traded fund 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 Markets index fund with a 15% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of 51%.
Investors will receive par if the basket falls by up to 15% and will share in any losses beyond 15%.
Wells Fargo Securities, LLC is the underwriter.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced growth securities
|
| Underlying funds: | SPDR S&P 500 exchange-traded fund trust (45% weight); the iShares Russell 2000 index fund (20% weight); the iShares MSCI EAFE index fund (20% weight) and the iShares MSCI Emerging Markets index fund (15% weight)
|
| Amount: | $5,484,000
|
| Maturity: | Dec. 7, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% any basket gain, capped at 51%; exposure to losses beyond 15%
|
| Initial levels: | $134.89 for S&P, $84.83 for Russell, $62.06 for MSCI EAFE and $48.55 for MSCI EM
|
| Pricing date: | May 31
|
| Settlement date: | June 7
|
| Underwriter: | Wells Fargo Securities, LLC
|
| Fees: | 2.5%
|
| Cusip: | 94986RDR9
|
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