Published on 2/11/2013 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $17.34 million buffered enhanced return notes on iShares MSCI EM
By Susanna Moon
Chicago, Feb. 11 - Wells Fargo & Co. priced $17.34 million of 0% buffered enhanced return notes due Aug. 19, 2014 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the fund, up to a maximum return of $1,150.00 per $1,000 principal amount.
Investors will receive par if the shares fall by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Buffered enhanced return notes
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Underlying fund: | iShares MSCI Emerging Markets index fund
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Amount: | $17,343,000
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Maturity: | Aug. 19, 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 fund gain, capped at 15%; par if shares fall by 10% or less; 1.1111% loss for every 1% decline beyond 10%
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Initial level: | $43.53
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Trigger level: | $39.177, or 90% of initial level
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Pricing date: | Feb. 7
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Settlement date: | Feb. 14
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Agent: | Wells Fargo Securities, LLC
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Fees: | 1.6%
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Cusip: | 94986RNE7
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