By Marisa Wong
Madison, Wis., July 26 - Wells Fargo & Co. priced $4.98 million of 0% enhanced growth securities due Jan. 27, 2014 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of 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 Emerging Markets index fund, with a 15% weight.
The payout at maturity will be par plus 1.5 times any basket gain, subject to a maximum return of 62%.
Investors will receive par if the basket falls by up to 40% and will lose 1% for every 1% decline beyond 40%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced growth securities
|
| Underlying ETFs: | SPDR S&P 500 ETF trust (45% weight), iShares Russell 2000 index fund (20% weight), iShares MSCI EAFE index fund (20% weight) and iShares Emerging Markets index fund (15% weight)
|
| Amount: | $4,983,000
|
| Maturity: | Jan. 27, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain, capped at 62%; par if basket falls by up to 40%; 1% loss per 1% decline beyond 40%
|
| Initial share prices: | $109.48 for SPDR S&P 500; $63.42 for iShares Russell 2000; $50.99 for iShares MSCI EAFE; and $40.87 for iShares Emerging Markets
|
| Pricing date: | July 22
|
| Settlement date: | July 27
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.25%
|
| Cusip: | 94986RAK7
|
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