New Issue: Wells prices $335,000 securities tied to iShares MSCI Emerging Markets

By Jennifer Chiou

New York, Dec. 21 - Wells Fargo & Co. priced $335,000 of 0% securities with leveraged upside participation to a cap and buffered downside with multiplier due Jan. 13, 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 170% of any gain in the fund, subject to a maximum return of 12.1%.

Investors will receive par if the fund declines by up to 12.5% and will lose 1.1429% for every 1% decline beyond the 12.5% buffer.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Securities with leveraged upside participation to a cap and buffered downside with multiplier
Underlying fund:	iShares MSCI Emerging Markets index fund
Amount:	$335,000
Maturity:	Jan. 13, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 170% of any fund gain, capped at 12.1%; par if fund falls by up to 12.5%; exposure to losses at 1.1429% for every 1% decline beyond 12.5%
Initial level:	$43.52
Threshold level:	$38.08, 87.5% of initial price
Pricing date:	Dec. 18
Settlement date:	Dec. 26
Underwriter:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986RMQ1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.