Published on 12/21/2012 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $7.91 million securities linked to S&P 500 index
By Jennifer Chiou
New York, Dec. 21 - Wells Fargo & Co. priced $7,906,000 of 0% S&P 500 index-linked securities due Dec. 16, 2014 with leveraged upside participation to a cap and buffered downside with multiplier, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 130% of any gain in the index, subject to a maximum return of 25.5%.
Investors will receive par if the index declines by up to 15% and will lose 1.1765% for every 1% decline beyond the 15% buffer.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Securities with leveraged upside participation to a cap and buffered downside with multiplier
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Underlying index: | S&P 500
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Amount: | $7,906,000
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Maturity: | Dec. 16, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130% of any index gain, capped at 25.5%; par if index falls by up to 15%; exposure to losses at 1.1765% for every 1% decline beyond 15%
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Initial level: | 1,446.79
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Threshold level: | 1,229.7715, 85% of initial price
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Pricing date: | Dec. 18
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Settlement date: | Dec. 26
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Underwriter: | Wells Fargo Securities, LLC
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Fees: | None
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Cusip: | 94986RMN8
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