New Issue: Wells Fargo prices $8.94 million growth notes linked to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Dec. 21 - Wells Fargo & Co. priced $8.94 million of 0% growth securities with upside participation to a cap and contingent downside protection due Dec. 23, 2013 linked to the iShares MSCI EAFE index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any increase in the exchange-traded fund's share price, subject to a maximum return of 31%. If the final share price is 60% to 100% of the initial share price, the payout will be par. If the final share price is less than 60% of the initial share price, investors will be fully exposed to the decline from the initial share price.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Growth securities
Underlying ETF:	iShares MSCI EAFE index fund
Amount:	$8,941,000
Maturity:	Dec. 23, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any increase in ETF's share price, up to maximum return of 31%; par if final share price is 60% to 100% of initial share price; full exposure to decline from initial share price if final share price is less than 60% of initial share price
Initial share price:	$47.90
Pricing date:	Dec. 19
Settlement date:	Dec. 22
Underwriter:	Wells Fargo Securities, LLC
Fees:	2.068%
Cusip:	94986RGV7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.