By Marisa Wong
Madison, Wis., Dec. 2 - Wells Fargo & Co. priced $4.8 million of 0% growth securities with upside participation to a cap and fixed percentage buffered downside due June 5, 2015 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any fund gain, up to a cap of 59%.
Investors will receive par if the shares fall by up to 15% and will be fully exposed to any losses if the drop is more than 15%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Growth securities
|
| Underlying fund: | iShares MSCI Emerging Markets index fund
|
| Amount: | $4.8 million
|
| Maturity: | June 5, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, capped at 59%; par if shares falls by up to 15%; full exposure to losses if fund drops by more than 15%
|
| Initial price: | $40.04
|
| Threshold level: | $34.03, or 85% of initial price
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 7
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.25%
|
| Cusip: | 94986RGK1
|
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