By Jennifer Chiou
New York, Jan. 3 - Wells Fargo & Co. priced a $6.507 million issue of 0% partial principal-protected notes linked to an international equity index basket due Jan. 9, 2012, according to a 424B2 filing with the Securities and Exchange Commission.
The basket will be comprised of the Dow Jones Euro Stoxx 50 index with a 40% weight and the Nikkei 225, FTSE/Xinhua China 25 and FTSE 100 indexes, all with 20% weights.
At maturity, noteholders will receive par plus the basket return times a participation rate 1.4.
Investors will receive par if the basket loses up to 20%, and they will share in any losses beyond 20%.
The valuation date will occur on the last trading day in December 2011.
Wells Fargo Securities, LLC is the underwriter.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Partial principal-protected minimum return notes
|
| Underlying indexes: | Dow Jones Euro Stoxx 50 index (40% weight), Nikkei 225 (20% weight), FTSE/Xinhua China 25 (20% weight), FTSE 100 (20% weight)
|
| Amount: | $6.507 million
|
| Maturity: | Jan. 9, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.4 times the basket gain; par if the basket loses up to 20%; investors will share in losses beyond 20%
|
| Pricing date: | Dec. 29
|
| Settlement date: | Jan. 8
|
| Underwriter: | Wells Fargo Securities LLC
|
| Fees: | 3.5%
|
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