By Marisa Wong
Madison, Wis., Dec. 2 - Wells Fargo & Co. priced $6.08 million of 0% growth securities due June 5, 2015 with upside participation to a cap and fixed percentage buffered downside protection linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the SPDR S&P 500 ETF Trust with a 50% weight, the iShares Russell 2000 index fund with a 25% weight and the SPDR S&P MidCap 400 ETF Trust with a 25% weight.
The payout at maturity will be par plus 150% of any increase in the basket, subject to a maximum return of 48%. Investors will receive par if the basket declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Growth securities
|
| Underlying ETFs: | SPDR S&P 500 ETF Trust (50% weight), iShares Russell 2000 index fund (25% weight) and SPDR S&P MidCap 400 ETF Trust (25% weight)
|
| Amount: | $6,081,000
|
| Maturity: | June 5, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any basket gain, up to maximum return of 48%; par if basket declines by 15% or less; 1% loss for every 1% that basket declines beyond 15%
|
| Initial share prices: | $125.11 for SPDR; $73.71 for iShares Russell 2000; $161.01 for SPDR S&P Midcap
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 7
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.25%
|
| Cusip: | 94986RGJ4
|
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