By Jennifer Chiou
New York, Jan. 3 - Wells Fargo & Co. priced $4.4 million of 0% enhanced growth securities due Jan. 6, 2015 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying funds are the SPDR S&P 500 ETF trust with a 45% weight, the iShares Russell 2000 index fund with a 20% weight, the iShares MSCI EAFE index fund with a 20% weight and the iShares MSCI Emerging Markets index fund with a 15% weight.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of 48%.
Investors will receive par for losses up to 40% and will share fully in losses if the basket falls by more than 40%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced growth securities
|
| Underlying funds: | SPDR S&P 500 ETF trust (45%); the iShares Russell 2000 index fund (20%); the iShares MSCI EAFE index fund (20%); and the iShares MSCI Emerging Markets index fund (15%)
|
| Amount: | $4,395,000
|
| Maturity: | Jan. 6, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any basket gain, capped at 48%; full exposure to losses if the basket falls by more than 40%
|
| Initial levels: | 125.92 for S&P, 78.91 for Russell, 58.15 for MSCI EAFE and 47.07 for MSCI EM
|
| Threshold level: | 60% of initial level
|
| Pricing date: | Dec. 29
|
| Settlement date: | Jan. 5
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.5%
|
| Cusip: | 94986RBX8
|
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