By Jennifer Chiou
New York, Sept. 26 - Wells Fargo & Co. priced $3 million of 0% buffered jump securities due Sept. 25, 2015 linked to the performance of Brent blend crude oil, according to a 424B2 filing with the Securities and Exchange Commission.
If the final price of oil is at or greater than the initial price, the payout at maturity will be par plus the greater of the percentage change in the price and the contingent minimum return of 12%.
Investors will receive par if the price declines by 15% or less and will lose 1% for every 1% that the price declines beyond 15%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Buffered jump securities
|
| Underlying asset: | Brent blend crude oil
|
| Amount: | $3 million
|
| Maturity: | Sept. 25, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If oil price finishes at or above initial price, par plus greater of the percentage change and 12%; par if price falls by 15% or less; 1% loss for every 1% that price declines beyond 15%
|
| Initial price: | $109.81
|
| Threshold price: | $93.34, 85% of starting price
|
| Pricing date: | Sept. 24
|
| Settlement date: | Sept. 27
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.5%
|
| Cusip: | 94986RLN9
|
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