Published on 6/4/2012 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $7.57 million market-linked notes linked to the Dow
By Marisa Wong
Madison, Wis., June 4 - Wells Fargo & Co. priced $7.57 million of market-linked notes due Dec. 7, 2018 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The closing level of the index will be the average of its closing levels on the calculation days, which occur semiannually on the last trading day of each May and November beginning November 2012 and ending November 2018.
The payout at maturity will be par plus the greater of the index return and a minimum return of 3%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Market-linked notes
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Underlying index: | Dow Jones industrial average
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Amount: | $7,569,000
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Maturity: | Dec. 7, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus greater of index return and 3%; closing level is average of index closing values on semiannual calculation days beginning November 2012 and ending November 2018
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Initial level: | 12,393.45
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Pricing date: | May 31
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Settlement date: | June 7
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Agent: | Wells Fargo Securities, LLC
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Fees: | 2.5%
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Cusip: | 94986RJR3
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