By Angela McDaniels
Tacoma, Wash., Nov. 2 - Wells Fargo & Co. priced $7.25 million of 0% enhanced growth securities due May 7, 2014 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR S&P 500 ETF trust with a 45% weight, the iShares MSCI EAFE index fund with a 20% weight, the iShares Russell 2000 index fund with a 20% weight and the iShares MSCI Emerging Markets index fund with a 15% weight.
The payout at maturity will be par plus 125% of any basket gain, subject to a maximum return of 40%. Investors will receive par if the basket declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced growth securities
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| Underlying ETFs: | SPDR S&P 500 ETF trust (45% weight), iShares MSCI EAFE index fund (20% weight), iShares Russell 2000 index fund (20% weight) and iShares MSCI Emerging Markets index fund (15% weight)
|
| Amount: | $7.25 million
|
| Maturity: | May 7, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of basket return if it is positive, up to maximum return of 40%; par if basket falls by 15% or less; l% loss for every 1% decline beyond 15%
|
| Initial share prices: | $118.53 for SPDR; $70.31 for iShares Russell 2000; $57.01 for iShares MSCI EAFE; $46.13 for iShares MSCI EM
|
| Pricing date: | Oct. 29
|
| Settlement date: | Nov. 5
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.25%
|
| Cusip: | 94986RBE0
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