By Jennifer Chiou
New York, June 25 - Wells Fargo & Co. priced $6.25 million of 0% enhanced growth securities due July 8, 2013 linked to four exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying components are the SPDR S&P 500 ETF Trust with a 45% weight, the iShares Russell 2000 index fund with a 20% weight, the iShares MSCI EAFE 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 1.5 times any basket gain, up to a cap of 47%.
Investors will receive par for losses of up to 20% and will share in any losses at a rate of 1.25% for each 1% drop beyond 20%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced growth securities
|
| Underlying funds: | SPDR S&P 500 ETF Trust (45% weight), iShares Russell 2000 index fund (20% weight), iShares MSCI EAFE index fund (20% weight), iShares MSCI Emerging Markets index fund (15% weight)
|
| Amount: | $6,253,000
|
| Maturity: | July 8, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain, up to a cap of 47%; investors will receive par for losses of up to 20% and will share in any losses at a rate of 1.25% for each 1% drop beyond 20%
|
| Pricing date: | June 23
|
| Settlement date: | June 28
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.25%
|
| Cusip: | 94986RAC5
|
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