By Susanna Moon
Chicago, Aug. 2 - Wells Fargo & Co. priced $5.39 million of 0% growth securities with leveraged upside participation to a cap and fixed percentage buffered downside due Feb. 6, 2015 linked to the iShares MSCI Russell 2000 index fund, 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 SPDR S&P MidCap 400 ETF Trust with a 25% weight and the iShares Russell 2000 index fund with a 25% weight.
The payout at maturity will be par plus 1.5 times any gain in the basket, up to a maximum return of 26%.
Investors will receive par if the basket falls by up to 10% and will be exposed to losses beyond 10%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Growth securities with leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying basket: | SPDR S&P 500 ETF Trust (50% weight), the SPDR S&P MidCap 400 ETF Trust (25% weight) and the iShares Russell 2000 index fund (25% weight)
|
| Amount: | $5,392,000
|
| Maturity: | Feb. 6, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any basket gain, capped at 26%; par if basket falls by up to 10%; exposure to losses beyond 10%
|
| Initial levels: | $137.71 for SPDR S&P 500, $171.26 for midcap fund and $78.35 for Russell fund
|
| Threshold levels: | 90% of initial price
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 7
|
| Underwriter: | Wells Fargo Securities, LLC
|
| Fees: | 1.75%
|
| Cusip: | 94986RKP5
|
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