Published on 9/30/2011 in the Prospect News Structured Products Daily.
New Issue: Wells prices $12.14 million market-linked notes on Dow industrials
By Jennifer Chiou
New York, Sept. 30 - Wells Fargo & Co. priced $12.14 million of market-linked notes due April 6, 2018 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the greater of the 6% minimum return and any gain in the index.
If the index falls, the payout will be par.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $12,142,000
|
| Maturity: | April 6, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus greater of any index gain and 6%; floor of par
|
| Initial level: | 11,010.90
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 5
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 3%
|
| Cusip: | 94986RFS5
|
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