By Marisa Wong
Madison, Wis., Dec. 4 - Wells Fargo & Co. priced $2.1 million of 0% market-linked notes with upside participation due Dec. 6, 2019 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket is comprised of the SPDR S&P 500 ETF trust with a 65% weight, the iShares MSCI EAFE index fund with a 25% weight and the iShares MSCI Emerging Markets index fund with a 10% weight.
If the average ending price is greater than the initial price, the payout at maturity will be par plus any gain in the basket. Investors will receive at least par.
The average ending price will be based on the average of the fund closing prices on the quarterly calculation days beginning February 2013 and ending November 2019.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked notes
|
| Underlying ETFs: | SPDR S&P 500 ETF trust (65% weight), iShares MSCI EAFE index fund (25% weight) and iShares MSCI Emerging Markets index fund (10% weight)
|
| Amount: | $2,101,000
|
| Maturity: | Dec. 6, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain, floor of par; ending price is based on average of fund closing prices on quarterly calculation days beginning February 2013 and ending November 2019
|
| Initial prices: | $142.06 for SPDR S&P, $55.09 for iShares MSCI EAFE and $41.80 for iShares MSCI Emerging Markets
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 7
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 1.5%
|
| Cusip: | 94986RMF5
|
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