Published on 2/2/2011 in the Prospect News Structured Products Daily.
New Issue: Wells prices $6.3 million 0% enhanced growth securities on iShares DJ real estate fund
By Jennifer Chiou
New York, Feb. 2 - Wells Fargo & Co. priced $6.3 million of 0% enhanced growth securities due Aug. 7, 2013 linked to the iShares Dow Jones U.S. Real Estate index fund via Wells Fargo Securities, LLC, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any gain in the fund shares, up to a maximum redemption of $1,310 per note.
Investors will receive par for losses up to 15% and will share in any losses beyond the threshold level.
Issuer: | Wells Fargo & Co.
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Issue: | Enhanced growth securities
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Underlying index fund: | iShares Dow Jones U.S. Real Estate
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Amount: | $6,302,000
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Maturity: | Aug. 7, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index fund gain, up to maximum return of 131% of par; investors will get par for losses up to 15% and will share in any losses beyond the threshold level
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Initial index fund level: | $57.99
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Threshold price: | $49.29, 85% of initial level
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Pricing date: | Jan. 31
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Settlement date: | Feb. 7
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Underwriter: | Wells Fargo Securities, LLC
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Fees: | 2%
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Cusip: | 94986RCM1
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