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Wells Fargo plans 6.5-year access securities tied to currency basket
By Marisa Wong
Madison, Wis., Dec. 1 - Wells Fargo & Co. plans to price market-linked notes due July 2017 based on a basket of exchange-traded funds, according to a 424B2 filing.
The basket consists of the SPDR S&P 500 ETF trust with a 60% weight, the iShares MSCI EAFE index fund with a 30% weight and the iShares MSCI Emerging Markets index fund with a 10% weight.
The payout at maturity will be par plus 100% to 110% of any basket gain, with the exact participation rate to be set at pricing.
If the basket falls, the payout will be par.
The notes (Cusip: 94986RBZ3) will settle in January.
Wells Fargo Securities, LLC is the underwriter.
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