By Susanna Moon
Chicago, Nov. 29 - Wells Fargo & Co. priced $3.83 million of 0% enhanced growth securities due May 30, 2014 based on a basket of funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the iShares MSCI EAFE index fund, the iShares Russell 2000 index fund and the SPDR S&P 500 exchange-traded fund trust, each with a 20% weight; the SPDR Gold trust and the Market Vectors Gold Miners exchange-traded fund with a 15% weight and the iShares MSCI Emerging Markets index fund with a 10% weight.
The payout at maturity will be par plus 1.25 times any basket gain, up to a return of $1,310 per $1,000 principal amount.
Investors will receive par if the basket falls by up to 15% and will lose 1.17647% for each 1% decline beyond 15%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced growth securities
|
| Underlying funds: | iShares MSCI EAFE index fund, iShares Russell 2000 index fund and SPDR S&P 500 exchange-traded fund trust (20% weight each); SPDR Gold trust and Market Vectors Gold Miners exchange-traded fund (15% weight each); and iShares MSCI Emerging Markets index fund (10% weight)
|
| Amount: | $3,833,000
|
| Maturity: | May 30, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any basket gain, capped at 31%; 1.17647% loss per 1% drop beyond 15%
|
| Pricing date: | Nov. 23
|
| Settlement date: | Dec. 1
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.5%
|
| Cusip: | 01019MAJ7
|
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