By Angela McDaniels
Tacoma, Wash., April 30 - Wells Fargo & Co. priced $5.46 million of 0% participation securities with partial principal protection due April 5, 2013 linked to the S&P Global Infrastructure index, according to a 424B2 filing with the Securities and Exchange Commission.
The index is a modified market capitalization-weighted index designed to provide liquid exposure to 75 publicly listed infrastructure companies in both developed and emerging markets.
The payout at maturity will be par plus 125% of any index gain. If the index declines by up to 15%, the payout will be par. Investors will lose 1% for each 1% that the index declines beyond 15%.
Wells Fargo Securities, LLC is the underwriter.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Participation securities with partial principal protection
|
| Underlying index: | S&P Global Infrastructure
|
| Amount: | $5.46 million
|
| Maturity: | April 5, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any index gain; par if index falls by 15% or less; 1% loss for each 1% decline beyond 15%
|
| Initial index level: | 2,696
|
| Pricing date: | April 28
|
| Settlement date: | May 5
|
| Underwriter: | Wells Fargo Securities, LLC
|
| Fees: | 3.5%
|
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