New Issue: Wells Fargo prices $14.77 million market-linked notes tied to the Dow

By Marisa Wong

Madison, Wis., Dec. 2 - Wells Fargo & Co. priced $14.77 million of 0% market-linked notes due June 7, 2018 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the greater of 5% and the index return. Otherwise, the payout will be par plus 5%.

The final index level will be the average of the index's closing levels on the last trading day of each May and November, beginning May 2012 and ending May 2018.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked notes
Underlying index:	Dow Jones industrial average
Amount:	$14,771,000
Maturity:	June 7, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than the initial index level, par plus the greater of 5% and the index return; otherwise, par plus 5%
Initial index level:	12,045.68
Final index level:	Average of index's closing levels on the last trading day of May and Novebmer of each year during the life of the notes
Pricing date:	Nov. 30
Settlement date:	Dec. 7
Agent:	Wells Fargo Securities, LLC
Fees:	3%
Cusip:	94986RGE5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.