Published on 4/29/2013 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $11.41 million enhanced return notes tied to S&P 500
By Susanna Moon
Chicago, April 29 - Wells Fargo & Co. priced $11.41 million of 0% enhanced return securities due April 30, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of $1,231 for each $1,000 principal amount.
Investors will be exposed to any losses.
Wells Fargo Securities LLC is the underwriter.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced return securities
|
| Underlying index: | S&P 500
|
| Amount: | $11,412,000
|
| Maturity: | April 30, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 23.1%; exposure to any losses
|
| Initial index level: | 1,585.16
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Underwriter: | Wells Fargo Securities LLC
|
| Fees: | None
|
| Cusip: | 94986RPQ8
|
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