Published on 2/15/2013 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $7.16 million buffered enhanced return notes tied to MSCI EAFE
By Marisa Wong
Madison, Wis., Feb. 15 - Wells Fargo & Co. priced $7.16 million of 0% buffered enhanced return securities with upside participation to a cap and buffered downside with multiplier linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The maturity date is Feb. 19, 2015.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 22.125%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
Wells Fargo Securities LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Buffered enhanced return securities with upside participation to a cap and buffered downside with multiplier
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Underlying index: | MSCI EAFE
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Amount: | $7,156,000
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Maturity: | Feb. 19, 2015
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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, subject to maximum return of 22.125%; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
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Initial index level: | 1,679.74
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Threshold level: | 1,511.766, 90% of initial level
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Pricing date: | Feb. 13
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Settlement date: | Feb. 21
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Agent: | Wells Fargo Securities LLC
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Fees: | 2%
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Cusip: | 94986RNH0
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