By Angela McDaniels
Tacoma, Wash., Jan. 3 - Wells Fargo & Co. priced $9.79 million of 0% market-linked notes due Jan. 6, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 130% of any increase in the index. Investors will receive par if the index declines.
The final index level will be the average of the index's closing levels on June 29 and Dec. 29 of each year from 2011 through 2016.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Market-linked notes
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Underlying index: | S&P 500
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Amount: | $9.79 million
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Maturity: | Jan. 6, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130% of any index gain; par if index declines
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Initial index level: | 1,259.78
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Final index level: | Average of index's closing levels on June 29 and Dec. 29 of each year from 2011 through 2016
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Pricing date: | Dec. 29
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Settlement date: | Jan. 5
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Agent: | Wells Fargo Securities, LLC
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Fees: | 3%
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Cusip: | 94986RBY6
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