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Wells Fargo plans 6.5-year protected market-linked notes on the Dow
By Susanna Moon
Chicago, Nov. 3 - Wells Fargo & Co. plans to price market-linked notes due June 2018 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index, with a minimum return of 3% to 6% that will be set at pricing.
Investors will receive par plus the minimum return if the index falls.
The ending level will be the average of the closing level of the index on the semiannual calculation days, which are the last trading day of each May and November commencing May 2012 and ending May 2018.
Wells Fargo Securities, LLC is the agent.
The notes will settle in December.
The Cusip number is 94986RGE5.
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