By Angela McDaniels
Tacoma, Wash., Sept. 2 - Wells Fargo & Co. priced $1.57 million of 0% participation securities with contingent principal protection due March 8, 2013 linked to the Rogers International Commodity Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.05 times the gain.
If the index return is between zero and negative 30%, the payout will be par.
If the index return is less than negative 30%, the payout will be par plus the return.
Wells Fargo Securities, LLC is the underwriter.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Participation securities with contingent principal protection
|
| Underlying index: | Rogers International Commodity Index - Excess Return
|
| Amount: | $1,574,000
|
| Maturity: | March 8, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.05 times any index gain; par if index falls by 30% or less; full exposure to decline if index falls by more than 30%
|
| Initial index level: | 2,201.58
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 8
|
| Underwriter: | Wells Fargo Securities, LLC
|
| Fees: | 2%
|
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