Published on 12/6/2010 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo sells $4.2 million 5-year enhanced growth notes linked to commodity basket
By Susanna Moon
Chicago, Dec. 6 - Wells Fargo & Co. priced $4.2 million of 0% enhanced growth securities due Dec. 9, 2015 based on a basket of equally weighted commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying commodities are crude oil, gold, copper and corn.
The payout at maturity will be par plus double any basket gain, up to a maximum return of $1,675 per $1,000 principal amount.
Investors will receive par for losses up to 25% and will share in the losses beyond 25%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
|
Issue: | Enhanced growth securities
|
Underlying basket: | Crude oil, gold, copper and corn, equally weighted
|
Amount: | $4.2 million
|
Maturity: | Dec. 9, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any basket gain, capped at 67.5%; exposure to losses beyond 25%
|
Initial levels: | $88.00 for crude oil, $1,389.00 for gold, $8,711.50 for copper and 555.5¢ for corn
|
Threshold level: | 75% of initial level
|
Pricing date: | Dec. 2
|
Settlement date: | Dec. 9
|
Agent: | Wells Fargo Securities, LLC
|
Fees: | 0.1%
|
Cusip: | 94986RCA7
|
© 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.