E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/2/2010 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo prices $6.17 million 0% enhanced growth securities on iShares MSCI EM fund

By Jennifer Chiou

New York, Sept. 2 - Wells Fargo & Co. priced $6.17 million of 0% enhanced growth securities due March 10, 2014 linked to the iShares MSCI Emerging Markets index fund via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 125% of any gain in the fund shares, up to a maximum redemption of $1,460 per note.

Investors will receive par for losses up to 20% and will share in any losses beyond the threshold level.

Issuer:Wells Fargo & Co.
Issue:Enhanced growth securities
Underlying index fund:iShares MSCI Emerging Markets
Amount:$6,171,000
Maturity:March 10, 2014
Coupon:0%
Price:Par
Payout at maturity:Par plus 125% of any index fund gain, up to maximum return of 146% of par; investors will get par for losses up to 20% and will share in any losses beyond the threshold level
Initial index fund level:$40.07
Threshold price:$32.06, 80% of initial level
Pricing date:Aug. 31
Settlement date:Sept. 8
Underwriter:Wells Fargo Securities, LLC
Fees:2.25%
Cusip:94986RAM3

© 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.