By Angela McDaniels
Tacoma, Wash., Sept. 29 - Wells Fargo & Co. priced $4.13 million of 0% enhanced growth securities due Oct. 7, 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 exchange-traded fund trust with a 45% weight, the iShares MSCI EAFE index fund with a 20% weight, the iShares Russell 2000 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 150% of any basket gain, subject to a maximum return of 54%.
If the basket declines by 40% or less, the payout will be par.
If the basket declines by more than 40%, investors will be fully exposed to the decline from the initial basket level.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced growth securities
|
| Underlying ETFs: | SPDR S&P 500 exchange-traded fund trust (45% weight), iShares MSCI EAFE index fund (20% weight), iShares Russell 2000 index fund (20% weight) and iShares MSCI Emerging Markets index fund (15% weight)
|
| Amount: | $4,126,000
|
| Maturity: | Oct. 7, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of basket return if it is positive, up to maximum return of 54%; par if basket return is between zero and negative 40%; par plus basket return if return is less than negative 40%
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 1
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.5%
|
| Cusip: | 94986RBB6
|
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