By Marisa Wong
Madison, Wis., May 23 - Wells Fargo & Co. priced $4.46 million of 0% market-linked notes due May 29, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the greater of the minimum return of 7% and the index gain.
If the final index level is less than or equal to the initial index level, the payout will be par plus the minimum return.
The final index level will be the average of the index's closing levels on each May 21 and Nov. 21 beginning November 2012 and ending May 2019.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $4.46 million
|
| Maturity: | May 29, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial level, par plus greater of 7% and index gain; if final level is less than or equal to initial level, par plus 7%
|
| Initial level: | 1,315.99
|
| Final level: | Average of index's closing levels on each May 21 and Nov. 21 beginning November 2012 and ending May 2019
|
| Pricing date: | May 21
|
| Settlement date: | May 29
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2%
|
| Cusip: | 94986RJW2
|
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