Published on 11/22/2011 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $146,000 growth securities linked to Dow Jones-UBS Commodity index
By Toni Weeks
San Diego, Nov. 22 - Wells Fargo & Co. priced $146,000 of 0% growth securities with upside participation due May 28, 2015 linked to the Dow Jones-UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 47%. Investors will receive par if the index declines by up to 15% and will be exposed to losses beyond 15%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Growth securities with upside participation
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Underlying index: | Dow Jones-UBS Commodity index
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Amount: | $146,000
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Maturity: | May 28, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 47%; par if index falls by up to 15%; exposure to losses beyond 15%
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Initial level: | 144.8980
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Threshold level: | 123.1633, 85% of initial level
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Pricing date: | Nov. 18
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Settlement date: | Nov. 28
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Agent: | Wells Fargo Securities, LLC
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Fees: | 2.5%
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Cusip: | 94986RGF2
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