By Marisa Wong
Madison, Wis., Nov. 24 - Wells Fargo & Co. priced $5.65 million of 0% enhanced growth securities due Nov. 30, 2012 based on the performance of the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of $1,183 per $1,000 principal amount.
Investors will receive par for losses up to 20% and will share in the losses beyond 20%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced growth securities
|
| Underlying fund: | iShares MSCI Emerging Markets index fund
|
| Amount: | $5.65 million
|
| Maturity: | Nov. 30, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 18.3%; exposure to losses beyond 20%
|
| Initial index level: | $46.35
|
| Threshold level: | $37.08, or 80% of initial level
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 30
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 0.1%
|
| Cusip: | 94986RBR1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
