New Issue: Wells Fargo sells $3.69 million access securities on iShares MSCI Emerging Markets

By Marisa Wong

Madison, Wis., March 6 - Wells Fargo & Co. priced $3.69 million of 0% access securities due April 5, 2013 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final fund share price is at or above the initial price, the payout at maturity will be par plus a contingent fixed return of 15%.

If the fund falls by up to 20%, the payout will be par.

If the fund falls by more than 20%, investors will be fully exposed to the decline from the initial fund share price.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Access securities
Underlying ETF:	iShares MSCI Emerging Markets index fund
Amount:	$3,687,000
Maturity:	April 5, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	If final price is at or above initial price, par plus 15%; if fund falls by up to 20%, par; if fund falls by more than 20%, full exposure to decline from initial price
Initial price:	$44.64
Threshold price:	$35.71, 80% of initial price
Pricing date:	March 2
Settlement date:	March 7
Agent:	Wells Fargo Securities, LLC
Fees:	0.25%
Cusip:	94986RHP9

© 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.