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Wells Fargo plans issue of notes linked to index basket
By Jennifer Chiou
New York, Dec. 11 - Wells Fargo & Co. said it plans to issue 0% notes linked to an international equity index basket due January 2012, according to a 424B2 filing with the Securities and Exchange Commission.
The basket will be comprised of the Dow Jones Euro Stoxx 50 index with a 40% weight and the Nikkei 225, FTSE/Xinhua China 25 and FTSE 100 indexes, all with 20% weights.
At maturity, noteholders will receive par plus the basket return times a participation rate of between 1.25 and 1.50, which will be determined on the pricing date.
Investors will receive par if the index loses up to 20%, and they will share in any losses beyond 20%.
The valuation date will occur in December 2011.
The notes will not be callable and will not be listed on any exchange.
Wells Fargo Securities, LLC will be the underwriter.
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