By Susanna Moon
Chicago, June 4 - Wells Fargo & Co. priced $3.56 million of 0% growth securities - leveraged upside participation to a cap and fixed percentage buffered downside due March 7, 2016 linked to the Vanguard REIT exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Wells Fargo Securities, LLC is the agent.
The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 50%.
Investors will receive par if the shares fall by up to 15% and will be exposed to losses beyond the 15% buffer.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Growth securities - leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying fund: | Vanguard REIT exchange-traded fund
|
| Amount: | $3,559,000
|
| Maturity: | March 7, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 50%; par if fund falls by up to 15%; exposure to losses beyond 15%
|
| Initial level: | $62.52
|
| Buffer level: | $53.14, 85% of initial price
|
| Pricing date: | May 31
|
| Settlement date: | June 7
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2%
|
| Cusip: | 94986RJX0
|
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