New Issue: Wells Fargo prices $4.33 million enhanced growth notes linked to 16 commodities

By Susanna Moon

Chicago, Aug. 2 - Wells Fargo & Co. priced $4.33 million of 0% enhanced growth securities due Aug. 7, 2015 linked to a commodity basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of West Texas Intermediate crude oil, Brent crude oil and RBOB gasoline, each with a 10% weight; sugar and lean hogs with a 7% weight each; cotton with a 6% weight; and gold, silver, platinum, aluminum, copper, lead, nickel, corn, wheat and soybeans, each with a 5% weight.

The payout at maturity will be par plus 1.2 times any gain in the basket.

If the index falls, investors will lose 0.7% for every 1% basket decline.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Enhanced growth securities
Underlying commodities:	West Texas Intermediate crude oil (10% weight), Brent crude oil (10% weight), RBOB gasoline (10% weight), sugar (7% weight), lean hogs (7% weight), cotton (6% weight), gold (5% weight), silver (5% weight), platinum (5% weight), aluminum (5% weight), copper (5% weight), lead (5% weight), nickel (5% weight), corn (5% weight), wheat (5% weight) and soybeans (5% weight)
Amount:	$4,329,000
Maturity:	Aug. 7, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120% of any basket gain; 0.7% loss per 1% basket decline
Pricing date:	July 29
Settlement date:	Aug. 5
Agent:	Wells Fargo Securities, LLC
Fees:	2.5%
Cusip:	94986RER8

© 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.