Published on 12/13/2012 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $3.68 million growth securities linked to iShares Emerging Markets
By Toni Weeks
San Diego, Dec. 13 - Wells Fargo & Co. priced $3.68 million of 0% growth securities with leveraged, capped upside and fixed percentage buffered downside due June 16, 2014 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, subject to a maximum return of 14.35%.
Investors will receive par if the fund declines by up to 10% and will be exposed to losses beyond the 10% buffer.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Growth securities with leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying fund: | iShares MSCI Emerging Markets index fund
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Amount: | $3,675,000
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Maturity: | June 16, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any fund gain, capped at 14.35%; par if fund falls by up to 10%; exposure to losses beyond 10%
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Initial level: | $43.25
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Threshold level: | $38.93, or 90% of initial price
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Pricing date: | Dec. 11
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Settlement date: | Dec. 14
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Underwriter: | Wells Fargo Securities, LLC
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Fees: | 0.25%
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Cusip: | 94986RMM0
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