By Angela McDaniels
Seattle, June 4 - Wells Fargo & Co. priced an offering of 0% enhanced participation securities with partial principal protection due June 7, 2011 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of the Dow Jones Euro Stoxx 50, Nikkei 225 and S&P 500 indexes.
The payout at maturity will be par plus 125% of any basket gain. Investors will receive par if the basket falls by 20% or less and will lose 1% for each 1% decline beyond 20%.
Wells Fargo Securities, LLC is the underwriter.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced participation senior unsecured securities with partial principal protection
|
| Underlying indexes: | Dow Jones Euro Stoxx 50, Nikkei 225 and S&P 500, equally weighted
|
| Amount: | $7.008 million
|
| Maturity: | June 7, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any basket gain; par if basket falls by 20% or less; 1% loss for each 1% basket decline beyond 20%
|
| Pricing date: | May 31
|
| Settlement date: | June 7
|
| Underwriter: | Wells Fargo Securities, LLC
|
| Fees: | 3%
|
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