E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/27/2012 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo prices $6.03 million market-linked notes linked to the Dow

By Toni Weeks

San Diego, April 27 - Wells Fargo & Co. priced $6.03 million of market-linked notes due Nov. 7, 2018 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The closing level of the index will be the average of its closing levels on the calculation days, which occur semiannually on the last trading day of each April and October beginning October 2012 and ending October 2018.

The payout at maturity will be par plus the greater of the index return and a minimum return of 3%.

Wells Fargo Securities, LLC is the agent.

Issuer:Wells Fargo & Co.
Issue:Market-linked notes
Underlying index:Dow Jones industrial average
Amount:$6,034,000
Maturity:Nov. 7, 2018
Coupon:0%
Price:Par
Payout at maturity:Par plus greater of index return and 3%; closing level is average of index closing values on semiannual calculation days beginning October 2012 and ending October 2018
Initial level:13,090.72
Pricing date:April 25
Settlement date:April 30
Agent:Wells Fargo Securities, LLC
Fees:2.5%
Cusip:94986REQ0

© 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.