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Wells Fargo to price enhanced growth notes linked to real estate ETF
By Angela McDaniels
Tacoma, Wash., Feb. 4 - Wells Fargo & Co. plans to price 0% enhanced growth securities due March 2014 linked to the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any increase in the exchange-traded fund's share price, subject to a maximum return of 37% to 42% that will be set at pricing. Investors will receive par if the share price declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
The notes (Cusip: 94986RCS8) will settle in March.
Wells Fargo Securities, LLC is the agent.
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