By Jennifer Chiou
New York, Oct. 2 - Wells Fargo & Co. priced $5.72 million of 0% enhanced participation securities with partial principal protection due Oct. 7, 2014 linked to an equity basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 50% weight, the iShares MSCI EAFE index fund with a 30% weight and the iShares MSCI Emerging Markets index fund with a 20% weight.
The payout at maturity will be par plus 1.08 times any gain in the basket.
Investors will receive par if the basket falls by up to 20% and will be exposed to losses beyond 20%.
Wells Fargo Securities, LLC is the underwriter.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced participation securities with partial principal protection
|
| Underlying assets: | S&P 500 (50% weight); iShares MSCI EAFE index fund (30% weight) and iShares MSCI Emerging Markets index fund (20% weight)
|
| Amount: | $5,718,000
|
| Maturity: | Oct. 7, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 108% of any basket gain; par if basket falls by up to 20% and exposure to losses beyond 20%
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 7
|
| Underwriter: | Wells Fargo Securities, LLC
|
| Fees: | 3%
|
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