By Angela McDaniels
Tacoma, Wash., March 2 - Wells Fargo & Co. priced $13.76 million of 1.25% market-linked notes due March 7, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The payout at maturity will be par plus the index return minus the cumulative amount of interest paid on the notes, subject to a floor of par.
The final index level will be the average of its closing levels on the last trading day of each February and August from August 2011 through February 2017.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $13,759,000
|
| Maturity: | March 7, 2017
|
| Coupon: | 1.25%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par plus index return minus cumulative amount of interest paid; floor of par
|
| Initial index level: | 1,327.22
|
| Final index level: | Average of index's closing levels on last trading day of each February and August from August 2011 through February 2017
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 7
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 3%
|
| Cusip: | 94986RCW9
|
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