Published on 6/21/2012 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $18.13 million growth securities linked to Russell
By Toni Weeks
San Diego, June 21 - Wells Fargo & Co. priced $18.13 million of 0% growth securities with leveraged upside participation to a cap and fixed percentage buffered downside due June 26, 2014 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain. Investors will receive par if the index declines by up to 15% and will be exposed to losses beyond the 15% buffer.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Growth securities with leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying index: | Russell 2000
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Amount: | $18,125,000
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Maturity: | June 26, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain; par if index falls by up to 15%; exposure to losses beyond 15%
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Initial level: | 786.43
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Threshold level: | 668.47, 85% of initial level
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Pricing date: | June 19
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Settlement date: | June 26
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Agent: | Wells Fargo Securities, LLC
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Fees: | 0.1%
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Cusip: | 94986RKK6
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