By Susanna Moon
Chicago, March 2 - Wells Fargo & Co. priced $1.28 million of 0% growth securities with upside participation and buffered downside due Sept. 8, 2015 linked to the Dow Jones - UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any index gain, up to a maximum return of 35%.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Growth securities
|
| Underlying index: | Dow Jones - UBS Commodity index
|
| Amount: | $1.28 million
|
| Maturity: | Sept. 8, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any index gain, capped at 35%; par if index falls by up to 15%; 1% loss per 1% drop beyond 15%
|
| Initial level: | 148.0367
|
| Trigger level: | 125.8312, or 85% of initial level
|
| Pricing date: | Feb. 29
|
| Settlement date: | March 7
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2%
|
| Cusip: | 94986RHK0
|
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