By Marisa Wong
Madison, Wis., Aug. 13 - Wells Fargo & Co. priced $5.05 million of 0% enhanced growth securities due Feb. 18, 2014 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the SPDR S&P 500 ETF trust with a 45% weight, the iShares MSCI EAFE index fund with a 20% weight, the iShares MSCI Emerging Markets index fund with a 20% weight and the iShares Russell 2000 index fund with a 15% weight.
The payout at maturity will be par plus 1.25 times any basket gain, subject to a maximum return of 44%.
Investors will receive par if the basket falls by 15% or less and will lose 1% for every 1% decline beyond 15%.
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 MSCI EAFE index fund (20% weight), iShares MSCI Emerging Markets index fund (20% weight) and iShares Russell 2000 index fund (15% weight)
|
| Amount: | $5,045,000
|
| Maturity: | Feb. 18, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any basket gain, capped at 44%; par if basket falls by up to 15%; 1% loss per 1% decline beyond 15%
|
| Initial share prices: | $109.30 for SPDR S&P 500; $50.94 for iShares MSCI EAFE; $40.37 for iShares MSCI Emerging Markets; and $62.11 for iShares Russell 2000
|
| Pricing date: | Aug. 11
|
| Settlement date: | Aug. 18
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.25%
|
| Cusip: | 94986RAP6
|
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