By Jennifer Chiou
New York, Sept. 30 - Wells Fargo & Co. priced $5.47 million of market-linked notes due Oct. 5, 2018 tied to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the SPDR S&P 500 ETF Trust with a 60% weight, the iShares MSCI EAFE index fund with a 30% weight and the iShares MSCI Emerging Market index fund with a 10% weight.
The payout at maturity will be par plus 107% of the average upside performance of the basket. The basket performance will be calculated on the last trading day of March and September through September 2018.
Investors will receive par if the basket falls.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked notes
|
| Underlying ETFs: SPDR S&P 500 ETF Trust (60% weight), iShares MSCI EAFE index fund (30% weight) and iShares MSCI Emerging Market index fund (10% weight)
|
| Amount: | $5,471,000
|
| Maturity: | Oct. 5, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 107% of average upside performance of the basket measured on semiannual calculation dates; floor of par
|
| Initial prices: | $115.16 for SPDR; $48.54 for iShares MSCI EAFE; $36.43 for iShares MSCI Emerging Markets
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 5
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 3%
|
| Cusip: | 94986RFL0
|
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