Published on 11/2/2011 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $31.15 million growth securities linked to the Dow
By Susanna Moon
Chicago, Nov. 2 - Wells Fargo & Co. priced $31.15 million of 0% growth securities with upside participation and contingent downside protection due May 6, 2016 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.41 times any index gain.
Investors will receive par if the index falls by up to 40% and will be fully exposed to the losses if the drop is more than 40%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Growth securities
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Underlying index: | Dow Jones industrial average
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Amount: | $31,154,000
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Maturity: | May 6, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 141% of any index gain; par if index falls by up to 40%; full exposure to losses if index drops by more than 40%
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Initial level: | 11,955.01
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Threshold level: | 7,173.01, 60% of initial level
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Pricing date: | Oct. 31
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Settlement date: | Nov. 8
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Agent: | Wells Fargo Securities, LLC
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Fees: | 2.5%
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Cusip: | 94986RFV8
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