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Wells Fargo to price growth securities linked to iShares MSCI EM
By Toni Weeks
San Diego, Nov. 1 - Wells Fargo & Co. plans to price 0% growth securities with leveraged upside participation to a cap and fixed percentage buffered downside due Nov 28, 2014 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF's final share price is greater than the initial share price, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum return of 21% to 25% that will be set at pricing. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes (Cusip: 94986RMA6) will price Nov. 27 and settle Nov. 30.
Wells Fargo Securities LLC is the agent.
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