By Marisa Wong
Madison, Wis., Jan. 27 - Wells Fargo & Co. priced $3 million of 0% access securities due March 4, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least 80% of the initial level, the payout at maturity will be par plus a contingent fixed payment of 5.5%.
If the final index level is below 80% of the initial level, investors will be exposed to losses beyond the 20% buffer but will also receive a downside payment of 5.5%. Therefore, if the index declines by more than 25.5%, investors may lose up to 74.5% of their principal.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Access securities
|
| Underlying index: | Russell 2000
|
| Amount: | $3 million
|
| Maturity: | March 4, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus a contingent fixed payment of 5.5% if final index level is at least 80% of the initial level; exposure to losses beyond 20% buffer plus receipt of 5.5% downside payment
|
| Initial level: | 795.64
|
| Threshold level: | 636.51, 80% of initial level
|
| Pricing date: | Jan. 25
|
| Settlement date: | Feb. 1
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | None
|
| Cusip: | 94986RGW5
|
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