Published on 5/2/2013 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $2.92 million market-linked notes linked to S&P 500
By Susanna Moon
Chicago, May 2 - Wells Fargo & Co. priced $2.92 million of market-linked notes due May 7, 2020 tied 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 the greater of the index return and a minimum return of 2%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,916,000
|
| Maturity: | May 7, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, floor of 2%
|
| Initial level: | 1,597.57
|
| Pricing date: | April 30
|
| Settlement date: | May 8
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 1.5%
|
| Cusip: | 94986RPG0
|
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