By Susanna Moon
Chicago, March 2 - Wells Fargo & Co. priced $3.51 million of 0% growth securities with upside participation and buffered downside due Sept. 8, 2015 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 1.5 times any fund gain, up to a maximum return of 40%.
Investors will receive par if the shares fall by up to 15% and will lose 1% for each 1% decline beyond 15%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Growth securities
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Underlying fund: | iShares MSCI Emerging Markets index fund
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Amount: | $3.51 million
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Maturity: | Sept. 8, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any fund gain, capped at 40%; par if shares fall by up to 15%; 1% loss per 1% drop beyond 15%
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Initial level: | $44.31
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Trigger level: | $37.66, 85% of initial level
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Pricing date: | Feb. 29
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Settlement date: | March 7
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Agent: | Wells Fargo Securities, LLC
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Fees: | 2%
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Cusip: | 94986RHD6
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