Published on 4/19/2012 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $3.83 million growth securities linked to basket of six commodities
By Toni Weeks
San Diego, April 19 - Wells Fargo & Co. priced $3.83 million of 0% growth securities with upside participation due April 24, 2017 linked to a basket of six commodities, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The basket is comprised of crude oil futures, gasoline futures, corn futures, soybean futures, copper and nickel.
The payout at maturity will be par plus 158% of any gain in the basket.
Investors will receive par if the basket declines by up to 20% and will be exposed to losses beyond the 20% buffer.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Growth securities with upside participation
|
| Underlying components: | Crude oil futures, gasoline futures, corn futures, soybean futures, copper and nickel, all equally weighted
|
| Amount: | $3,834,000
|
| Maturity: | April 24, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 158% of any gain in the basket; par if basket declines by up to 20%; exposure to losses beyond 20% buffer
|
| Initial prices: | $118.78 for crude oil futures, $3.2340 for gasoline futures, 616.75 cents for corn futures, 1,425.75 cents for soybean futures, $8,100.50 for copper and $17,755.00 for nickel
|
| Pricing date: | April 17
|
| Settlement date: | April 24
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 0.25%
|
| Cusip: | 94986RJM4
|
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