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Wells Fargo plans market-linked notes on Dow Jones industrial average
By Toni Weeks
San Diego, Sept. 11 - Wells Fargo & Co. plans to price market-linked notes due October 2019 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be the greater of the index return and the minimum return, which will be 2% to 5% and will be set at pricing.
If the index return is zero or negative, investors will receive par plus the minimum return.
The ending level will be the average of the closing index levels on the last trading day of each March, June, September and December beginning December 2012.
The notes (Cusip: 94986RLK5) are expected to price in September and settle in October.
Wells Fargo Securities, LLC will be the agent.
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