By Jennifer Chiou
New York, Nov. 28 - Wells Fargo & Co. priced $5 million of 0% access securities due Dec. 3, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least 80% of the initial level, the payout at maturity will be par plus a contingent fixed payment of 7.6%.
If the final index level is below 80% of the initial level, investors will be exposed to losses beyond the 20% buffer and will receive a downside payment of 7.6%. Therefore, if the index closes down by more than 27.6%, investors may lose up to 72.4% of their principal.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Access securities
|
| Underlying index: | Russell 2000
|
| Amount: | $5 million
|
| Maturity: | Dec. 3, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus a contingent fixed payment of 7.6% if final index level is at least 80% of the initial level; exposure to losses beyond 20% buffer plus receipt of downside payment of 7.6%
|
| Initial level: | 674.34
|
| Threshold level: | 539.47, 80% of initial level
|
| Pricing date: | Nov. 23
|
| Settlement date: | Dec. 1
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 0.25%
|
| Cusip: | 94986RGM7
|
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