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Wells Fargo to price 1%-1.25% six-year notes tied to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Jan. 10 - Wells Fargo & Co. plans to price 1% to 1.25% market-linked notes due February 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The exact coupon will be set at pricing. Interest will be payable semiannually.
The payout at maturity will be par plus the index return minus the cumulative amount of interest paid on the notes, subject to a floor of par.
The final index level will be the average of its closing levels on the last trading day of each January and July from July 2011 through January 2017.
The notes (Cusip 94986RCG4) are expected to settle in February.
Wells Fargo Securities, LLC is the agent.
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