By Jennifer Chiou
New York, Sept. 2 - Wells Fargo & Co. priced $1.58 million of 0% enhanced growth securities due Sept. 9, 2013 linked to two exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the iShares MSCI EAFE index fund with a 75% weight and the SPDR S&P MidCap 400 ETF trust with a 25% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a cap of 36%.
Investors will receive par for losses of up to 10% and will share in any losses beyond 10%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced growth securities
|
| Underlying funds: | iShares MSCI EAFE index fund (75% weight), SPDR S&P MidCap 400 ETF Trust (25% weight)
|
| Amount: | $1.58 million
|
| Maturity: | Sept. 9, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain, up to a cap of 36%; investors will receive par for losses of up to 10% and will share in any losses beyond 10%
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 8
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.25%
|
| Cusip: | 94986RAT8
|
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