Published on 9/21/2012 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $15 million market-linked notes tied to index basket
By Marisa Wong
Madison, Wis., Sept. 21 - Wells Fargo & Co. priced $15 million of 0% market-linked notes due Sept. 27, 2021 tied to an equity index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 55% weight, the MSCI EAFE index with a 30% weight and the Russell 2000 index with a 15% weight.
The payout at maturity will be par plus 96.65% of any basket gain. If the basket falls, the payout will be par.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Market-linked notes
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Underlying indexes: | S&P 500 index (55% weight), MSCI EAFE index (30% weight), Russell 2000 index (15% weight)
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Amount: | $15 million
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Maturity: | Sept. 27, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 96.65% of any basket gain; floor of par
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Initial levels: | 1,460.26 for S&P 500, 1,545.77 for MSCI EAFE, 851.51 for Russell 2000
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Pricing date: | Sept. 19
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Settlement date: | Sept. 26
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Agent: | Wells Fargo Securities, LLC
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Fees: | None
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Cusip: | 94986RLS8
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