By Marisa Wong
Milwaukee, June 25 - Wells Fargo & Co. priced $2.6 million of 0% enhanced growth securities due July 8, 2013 linked to a basket of international exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket consists of the iShares MSCI Australia index fund, the iShares MSCI Brazil index fund, the iShares MSCI Canada index fund and the iShares MSCI Mexico Investable Market index fund.
The payout at maturity will be par plus 1.25 times any basket gain, subject to a maximum return of 40%.
Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced growth securities
|
| Underlying ETFs: | Equal weights of iShares MSCI Australia, iShares MSCI Brazil, iShares MSCI Canada and iShares MSCI Mexico Investable Market
|
| Amount: | $2,598,000
|
| Maturity: | July 8, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any basket gain, capped at 40%; par if basket falls by up to 20%; 1% loss per 1% drop beyond 20%
|
| Initial share prices: | $20.74 for iShares MSCI Australia; $66.70 for iShares MSCI Brazil; $26.65 for iShares MSCI Canada; and $51.20 for iShares MSCI Mexico
|
| Pricing date: | June 23
|
| Settlement date: | June 28
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.25%
|
| Cusip: | 94986RAD3
|
© 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.
