Published on 6/30/2011 in the Prospect News Structured Products Daily.
New Issue: Wells prices $14.32 million notes on Dow Jones-UBS Commodity Index
By Toni Weeks
San Diego, June 30 - Wells Fargo & Co. priced $14.32 million of 0% upside participation commodity-linked notes due Jan. 8, 2018 tied to the Dow Jones-UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, subject to a cap of 73%.
Investors will receive a minimum of par should the index fall.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Upside participation commodity-linked notes
|
| Underlying index: | Dow Jones-UBS Commodity index
|
| Amount: | $14,321,000
|
| Maturity: | Jan. 8, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index gain, capped at 73%; minimum of par
|
| Initial level: | 157.2128
|
| Pricing date: | June 28
|
| Settlement date: | July 6
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 3%
|
| Cusip: | 94986RDX6
|
© 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.
