Published on 3/22/2013 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $1.74 million buffered enhanced return notes linked to MSCI EAFE
By Toni Weeks
San Luis Obispo, Calif., March 22 - Wells Fargo & Co. priced $1.74 million of 0% buffered enhanced return notes due March 25, 2015 linked to the MSCI EAFE index, 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 index, up to a maximum return of 23.25%.
Investors will receive par if the index falls by up to 15% and will lose 1.17647% for each 1% decline beyond 15%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
|
Issue: | Buffered enhanced return notes
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Underlying index: | MSCI EAFE
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Amount: | $1,738,000
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Maturity: | March 25, 2015
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 23.25%; par if index falls by 15% or less; 1.17647% loss for every 1% decline beyond 15%
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Initial index level: | 1,689.37
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Buffer level: | 1,435.9645, 85% of initial level
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Pricing date: | March 20
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Settlement date: | March 27
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Agent: | Wells Fargo Securities, LLC
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Fees: | None
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Cusip: | 94986RPC9
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