By Marisa Wong
Madison, Wis., Oct. 22 - Wells Fargo & Co. priced $1.1 million of 0% growth securities with leveraged upside participation and buffered downside due Oct. 23, 2014 linked 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 double any index gain, up to a maximum return of 14.4%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Growth securities
|
| Underlying index: | Dow Jones - UBS Commodity index
|
| Amount: | $1.1 million
|
| Maturity: | Oct. 23, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 14.4%; par if index falls by up to 10%; 1% loss per 1% drop beyond 10%
|
| Initial level: | 147.6420
|
| Trigger level: | 132.8778, or 90% of initial level
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 23
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 0.25%
|
| Cusip: | 94986RLX7
|
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