By Susanna Moon
Chicago, June 2 - Wells Fargo & Co. priced $5.48 million of 0% enhanced growth securities due Dec. 7, 2015 linked to a basket of funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of SPDR S&P 500 exchange-traded fund trust with a 45% weight, the iShares Russell 2000 index fund with a 20% weight, the iShares MSCI EAFE index fund with a 20% weight and the iShares MSCI Emerging Markets index fund with a 15% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of 51%.
Investors will receive par if the basket falls by up to 15% and will share in any losses beyond 15%.
Wells Fargo Securities, LLC is the underwriter.
Issuer: | Wells Fargo & Co.
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Issue: | Enhanced growth securities
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Underlying funds: | SPDR S&P 500 exchange-traded fund trust (45% weight); the iShares Russell 2000 index fund (20% weight); the iShares MSCI EAFE index fund (20% weight) and the iShares MSCI Emerging Markets index fund (15% weight)
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Amount: | $5,484,000
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Maturity: | Dec. 7, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% any basket gain, capped at 51%; exposure to losses beyond 15%
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Initial levels: | $134.89 for S&P, $84.83 for Russell, $62.06 for MSCI EAFE and $48.55 for MSCI EM
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Pricing date: | May 31
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Settlement date: | June 7
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Underwriter: | Wells Fargo Securities, LLC
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Fees: | 2.5%
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Cusip: | 94986RDR9
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