Obligation Wells Fargo & Company 0% ( US94986RTM33 ) en USD

Wells Fargo & Company

100 % ▼

Etas-Unis

US94986RTM33 ( en USD )

27/03/2023 - Obligation échue

Prospectus brochure de l'obligation Wells Fargo US94986RTM33 en USD 0%, échue

1 000 USD

10 000 000 USD

94986RTM3

N/A

A1 ( Qualité moyenne supérieure )

Wells Fargo est une société financière américaine offrant des services bancaires, d'investissement et de gestion de patrimoine à des particuliers et des entreprises.

L'Obligation émise par Wells Fargo & Company ( Etas-Unis ) , en USD, avec le code ISIN US94986RTM33, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 27/03/2023

L'Obligation émise par Wells Fargo & Company ( Etas-Unis ) , en USD, avec le code ISIN US94986RTM33, a été notée A1 ( Qualité moyenne supérieure ) par l'agence de notation Moody's.

Definitive Pricing Supplement No. 418
http://www.sec.gov/Archives/edgar/data/72971/000119312514107801/d...
424B2 1 d696254d424b2.htm DEFINITIVE PRICING SUPPLEMENT NO. 418
Filed Pursuant to Rule 424(b)(2)
File No. 333-180728

Title of Each Class of

Maximum Aggregate
Amount of
Securities Offered
Offering Price
Registration Fee(1)

Medium Term Notes, Series K, Market Linked Notes due March 27, 2023 Linked to
an Equity Index Basket

$10,000,000
$1,288

(1) The total filing fee of $1,288 is calculated in accordance with Rule 457(r) of the Securities Act of 1933 (the "Securities Act")
and will be paid by wire transfer within the time required by Rule 456(b) of the Securities Act.
1 of 45
3/20/2014 2:53 PM

Definitive Pricing Supplement No. 418
http://www.sec.gov/Archives/edgar/data/72971/000119312514107801/d...
PRICING SUPPLEMENT No. 418 dated March 18, 2014
(To Prospectus Supplement dated April 13, 2012
and Prospectus dated April 13, 2012)

MediumTerm Notes, Series K
$10,000,000
Market Linked Notes due March 27, 2023
Linked to an Equity Index Basket

Issuer:
Wells Fargo & Company ("Wells Fargo")

Market Measure:
A basket (the "Basket") comprised of the basket components with the respective weightings in the Basket specified in the table below:

Basket Component
Weighting
Initial Component

Level
S&P 500® Index ("SPX")

55.00%
1872.25

Russel 2000® Index ("RTY")

15.00%
1205.0392

MSCI EAFE Index® ("MXEA")

30.00%
1888.12

Pricing Date:
March 18, 2014

Issue Date:
March 27, 2014 (seven business days after the pricing date)

Original Offering Price: $1,000 per note. References in this pricing supplement to a "note" are to a note with a principal amount of $1,000.

Redemption Amount:
On the stated maturity date, you wil be entitled to receive a cash payment per note in U.S. dolars equal to the redemption amount. The
"redemption amount" per note will equal:

· if the ending level is greater than the starting level, $1,000 plus

ending level starting level

$1,000 x
x participation rate
; or

starting
level

· if the ending level is less than or equal to the starting level, $1,000.

Stated Maturity Date: March 27, 2023.

Starting Level:
100.

Ending Level:
The "ending level" wil be equal to the product of (i) 100 and (i) an amount equal to 1 plus the sum of: (A) 55% of the basket component return of
SPX; (B) 15% of the basket component return of RTY; and (C) 30% of the basket component return of MXEA.

Basket Component
The "basket component return," with respect to a basket component, will be calculated as follows:
Return:

final component level initial component level

initial component level

where,

· the "initial component level" is the closing level of such basket component on the initial determination day for such basket component,

as specified in the table above under "Market Measure"; and

· the "final component level" will be the closing level of such basket component on the calculation day;

provided that the determination of the final component level for a basket component is subject to postponement for market disruption events for
such basket component as provided herein under "Specific Terms of the Notes--Market Disruption Event."

Participation Rate:
102.77%

Initial Determination Day:
With respect to SPX and RTY, the pricing date, and with respect to MXEA, March 19, 2014, which is the first succeeding trading day with
respect to MXEA folowing the pricing date on which a market disruption event with respect to MXEA is not occurring or continuing.

Calculation Day:
March 20, 2023, subject to postponement for non-trading days and market disruption events.
(To be continued on next page)
On the date of this pricing supplement, the estimated value of the notes is $974.30. The estimated value of the notes was determined for us by Wells Fargo
Securities, LLC using its proprietary pricing models. It is not an indication of actual profit to us or to Wells Fargo Securities, LLC or any of our other affiliates,
nor is it an indication of the price, if any, at which Wells Fargo Securities, LLC or any other person may be willing to buy the notes from you at any time after
issuance. See "Investment Description" in this pricing supplement.
Investing in the notes involves risks not associated with an investment in conventional debt securities. See "Risk Factors"
beginning on page PS-6.
The notes are unsecured obligations of Wells Fargo and all payments on the notes are subject to the credit risk of Wells Fargo. The notes are not deposits or
other obligations of a depository institution and are not insured by the Federal Deposit Insurance Corporation, the Deposit Insurance Fund or any other
governmental agency of the United States or any other jurisdiction.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this
pricing supplement or the accompanying prospectus supplement and prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

2 of 45
3/20/2014 2:53 PM

Definitive Pricing Supplement No. 418
http://www.sec.gov/Archives/edgar/data/72971/000119312514107801/d...

Original Offering Price

Agent Discount(1)

Proceeds to Wells Fargo
Per Note $1,000
--
$1,000
Total $10,000,000

--
$10,000,000
(1) Wel s Fargo Securities, LLC, a wholly-owned subsidiary of Wel s Fargo & Company, is the agent for the distribution of the notes and is acting as principal. See "Investment
Description" in this pricing supplement for further information.
3 of 45
3/20/2014 2:53 PM

Definitive Pricing Supplement No. 418
http://www.sec.gov/Archives/edgar/data/72971/000119312514107801/d...
(Continued from previous page)

Listing:
The notes will not be listed on any securities exchange or automated quotation system.

Calculation Agent:
Wels Fargo Securities, LLC

Agent:
Wels Fargo Securities, LLC. The agent expects to make a profit by seling, structuring and, where applicable, hedging the securities.

Denominations:
$1,000 and any integral multiple of $1,000.

CUSIP/ISIN Number: 94986RTM3

PS-2
4 of 45
3/20/2014 2:53 PM

Definitive Pricing Supplement No. 418
http://www.sec.gov/Archives/edgar/data/72971/000119312514107801/d...
INVESTMENT DESCRIPTION
The Market Linked Notes due March 27, 2023 Linked to an Equity Index Basket are senior unsecured debt securities of Wells
Fargo & Company and are part of a series entitled "Medium-Term Notes, Series K." The notes provide:
(i) the possibility of a return at maturity if, and only if, the ending level of the Basket is greater than the starting level; and
(ii) repayment of principal at maturity regardless of the performance of the Basket,
in each case subject to the credit risk of Wells Fargo. You will have no ability to pursue any securities included in the S&P 500 Index,
the Russell 2000 Index or the MSCI EAFE Index for payment. If Wells Fargo defaults on its obligations, you could lose some or all of
your investment.
The Basket is comprised of the following three basket components, with the basket component return of each basket
component having the weighting noted parenthetically:

-- the S&P 500 Index (55%), an equity index that is intended to provide an indication of the pattern of common stock price

movement in the large capitalization segment of the United States equity market;

-- the Russell 2000 Index (15%), an equity index that is designed to reflect the performance of the small capitalization

segment of the United States equity market; and

-- the MSCI EAFE Index (30%), an equity index that is designed to measure equity performance in developed markets,

excluding the United States and Canada.
You should read this pricing supplement together with the accompanying prospectus supplement dated April 13, 2012 and the
accompanying prospectus dated April 13, 2012 for additional information about the notes. Information included in this pricing
supplement supersedes information in the accompanying prospectus supplement and prospectus to the extent it is different from that
information. Certain defined terms used but not defined herein have the meanings set forth in the accompanying prospectus
supplement.
You may access the prospectus supplement and prospectus on the SEC website www.sec.gov as follows (or if such address
has changed, by reviewing our filings for the relevant date on the SEC website):

-- Prospectus Supplement dated April 13, 2012 and Prospectus dated April 13, 2012 filed with the SEC on April 13, 2012:
http://www.sec.gov/Archives/edgar/data/72971/000119312512162780/d256650d424b2.htm

S&P® is a registered trademark of Standard and Poor's Financial Services LLC ("S&P Financial") and has been licensed for use by S&P Dow Jones Indices LLC ("S&P"). "Standard &
Poor's®," "S&P 500®," "Standard & Poor's 500®" and "500®" are trademarks of S&P Financial and have been licensed for use by S&P and sublicensed for certain purposes by us. The
S&P 500 Index is a product of S&P and has been licensed for use by us. The notes are not sponsored, endorsed, sold or promoted by S&P, S&P Financial or their respective affiliates,
and none of S&P, S&P Financial or their respective affiliates makes any representation regarding the advisability of investing in the notes.
"Russel 2000®" is a trademark of Frank Russel Company, doing business as Russel Investment Group ("Russel "), and has been licensed for use by us. The notes, based on the
performance of the Russel 2000 Index, are not sponsored, endorsed, sold or promoted by Russel and Russel makes no representation regarding the advisability of investing in the notes.
The MSCI EAFE Index is the exclusive property of MSCI Inc. ("MSCI"). MSCI and the MSCI EAFE Index are service marks of MSCI or its affiliates. The notes, based on the
performance of the MSCI EAFE Index, are not sponsored, endorsed, sold or promoted by MSCI and MSCI makes no representation regarding the advisability of investing in the notes.

PS-3
5 of 45
3/20/2014 2:53 PM

Definitive Pricing Supplement No. 418
http://www.sec.gov/Archives/edgar/data/72971/000119312514107801/d...
The original offering price of each note of $1,000 includes certain costs that are borne by you. Because of these costs, the
estimated value of the notes on the pricing date is less than the original offering price. The costs included in the original offering price
relate to selling, structuring, hedging and issuing the notes, as well as to our funding considerations for debt of this type.
The costs related to selling, structuring, hedging and issuing the notes include the projected profit that our hedge counterparty
(which may be one of our affiliates) expects to realize for assuming risks inherent in hedging our obligations under the notes, as well
as hedging and other costs relating to the offering of the notes.
Our funding considerations take into account the higher issuance, operational and ongoing management costs of market-linked
debt such as the notes as compared to our conventional debt of the same maturity, as well as our liquidity needs and preferences. Our
funding considerations are reflected in the fact that we determine the economic terms of the notes based on an assumed funding rate
that is generally lower than the interest rates implied by secondary market prices for our debt obligations and/or by other traded
instruments referencing our debt obligations, which we refer to as our "secondary market rates." As discussed below, our secondary
market rates are used in determining the estimated value of the notes.
If the costs relating to selling, structuring, hedging and issuing the notes were lower, or if the assumed funding rate we use to
determine the economic terms of the notes were higher, the economic terms of the notes would be more favorable to you and the
estimated value would be higher. The estimated value of the notes as of the pricing date is set forth on the cover page of this pricing
supplement.
Determining the estimated value
Our affiliate, Wells Fargo Securities, LLC ("WFS"), calculated the estimated value of the notes set forth on the cover page of
this pricing supplement based on its proprietary pricing models. Based on these pricing models and related market inputs and
assumptions referred to in this section below, WFS determined an estimated value for the notes by estimating the value of the
combination of hypothetical financial instruments that would replicate the payout on the notes, which combination consists of a
non-interest bearing, fixed-income bond (the "debt component") and one or more derivative instruments underlying the economic
terms of the notes (the "derivative component").
The estimated value of the debt component is based on a reference interest rate, determined by WFS as of a recent date, that
generally tracks our secondary market rates. Because WFS does not continuously calculate our reference interest rate, the reference
interest rate used in the calculation of the estimated value of the debt component may be higher or lower than our secondary market
rates at the time of that calculation.
WFS calculated the estimated value of the derivative component based on a proprietary derivative-pricing model, which
generated a theoretical price for the derivative instruments that constitute the derivative component based on various inputs, including
the "derivative component factors" identified in "Risk Factors--The Value Of The Notes Prior To Stated Maturity Will Be Affected
By Numerous Factors, Some Of Which Are Related In Complex Ways." These inputs may be market-observable or may be based on
assumptions made by WFS in its discretion.
The estimated value of the notes determined by WFS is subject to important limitations. See "Risk Factors--The Estimated
Value Of The Notes Is Determined By Our Affiliate's Pricing Models, Which May Differ From Those Of Other Dealers" and "--One
Of Our Affiliates Will Be The Calculation Agent And Has Calculated The Estimated Value Of The Notes And, As A Result, Potential
Conflicts Of Interest Could Arise."
Valuation of the notes after issuance
The estimated value of the notes is not an indication of the price, if any, at which WFS or any other person may be willing to
buy the notes from you in the secondary market. The price, if any, at which WFS or any of its affiliates may purchase the notes in the
secondary market will be based upon WFS's proprietary pricing models and will fluctuate over the term of the notes due to changes
in market conditions and other relevant factors. However, absent changes in these market conditions and other relevant factors, except
as otherwise described in the following paragraph, any secondary market price will be lower than the estimated value on the pricing
date because the secondary market price will be reduced by a bid-offer spread, which may vary depending on the aggregate face
amount of the notes to be purchased in the secondary market transaction, and the expected cost of unwinding any related hedging
transactions. Accordingly, unless market conditions and other relevant factors change significantly in your favor, any secondary
market price for the notes is likely to be less than the original offering price.

PS-4
6 of 45
3/20/2014 2:53 PM

Definitive Pricing Supplement No. 418
http://www.sec.gov/Archives/edgar/data/72971/000119312514107801/d...
If WFS or any of its affiliates purchases the notes from you at any time up to the issue date or during the 6-month period
following the issue date, the secondary market price will be increased by an amount reflecting a portion of the costs associated with
selling, structuring, hedging and issuing the notes that are included in the original offering price. Because this portion of the costs,
which includes the projected profit that is expected to accrue over time, is not fully deducted upon issuance, any secondary market
price offered by WFS or any of its affiliates during this period will be higher than it would be if it were based solely on WFS's
proprietary pricing models less the bid-offer spread and hedging unwind costs described above. The amount of this increase in the
secondary market price will decline steadily to zero over this 6-month period. We expect that this increase will also be reflected in
the value indicated for the notes on any brokerage account statements.
The notes will not be listed or displayed on any securities exchange or any automated quotation system. Although WFS and/or
its affiliates may buy the notes from investors, they are not obligated to do so and are not required to make a market for the notes.
There can be no assurance that a secondary market will develop.

PS-5
7 of 45
3/20/2014 2:53 PM

Definitive Pricing Supplement No. 418
http://www.sec.gov/Archives/edgar/data/72971/000119312514107801/d...
RISK FACTORS
Your investment in the notes will involve risks not associated with an investment in conventional debt securities. You should
carefully consider the risk factors set forth below as well as the other information contained in the accompanying prospectus
supplement and prospectus, including the documents they incorporate by reference. As described in more detail below, the value of
the notes may vary considerably before the stated maturity date due to events that are difficult to predict and are beyond our control.
Also, your notes are not equivalent to investing directly in the Basket or in the basket components. You should reach an investment
decision only after you have carefully considered with your advisors the suitability of an investment in the notes in light of your
particular circumstances.
You May Not Receive Any Return On Your Investment In The Notes.
Any amount you receive on the notes at stated maturity in excess of the original offering price will depend on the percentage
increase, if any, in the ending level of the Basket relative to the starting level. Because the value of the Basket will be subject to
market fluctuations, the ending level may be less than the starting level, in which case you will only receive the original offering price
of your notes at stated maturity. Even if the ending level is greater than the starting level, the amount you receive at stated maturity may
only be slightly greater than the original offering price, and your yield on the notes may be less than the yield you would earn if you
bought a traditional interest-bearing debt security of Wells Fargo or another issuer with a similar credit rating with the same stated
maturity date.
U.S. Holders Of The Notes Will Be Required To Recognize Taxable Income Prior To Maturity.
The notes will be treated as "contingent payment debt instruments" for U.S. federal income tax purposes. As a result, if you
are a U.S. Holder of a note, you will be required to recognize taxable interest income in each year that you hold the note, even though
you will not receive any payment on the note prior to maturity. In addition, any gain you recognize will be treated as ordinary interest
income rather than capital gain.
The Notes Are Subject To The Credit Risk Of Wells Fargo.
The notes are our obligations and are not, either directly or indirectly, an obligation of any third party. Any amounts payable
under the notes are subject to our creditworthiness, and you will have no ability to pursue any securities included in the basket
components for payment. As a result, our actual and perceived creditworthiness may affect the value of the notes and, in the event we
were to default on our obligations, you may not receive any amounts owed to you under the terms of the notes.
The Estimated Value Of The Notes On The Pricing Date, Based On WFS's Proprietary Pricing Models, Is Less Than The
Original Offering Price.
The original offering price of the notes includes certain costs that are borne by you. Because of these costs, the estimated
value of the notes on the pricing date is less than the original offering price. The costs included in the original offering price relate to
selling, structuring, hedging and issuing the notes, as well as to our funding considerations for debt of this type. The costs related to
selling, structuring, hedging and issuing the notes include the projected profit that our hedge counterparty (which may be one of our
affiliates) expects to realize for assuming risks inherent in hedging our obligations under the notes, as well as hedging and other costs
relating to the offering of the notes. Our funding considerations are reflected in the fact that we determine the economic terms of the
notes based on an assumed funding rate that is generally lower than our secondary market rates. If the costs relating to selling,
structuring, hedging and issuing the notes were lower, or if the assumed funding rate we use to determine the economic terms of the
notes were higher, the economic terms of the notes would be more favorable to you and the estimated value would be higher.
The Estimated Value Of The Notes Is Determined By Our Affiliate's Pricing Models, Which May Differ From Those Of
Other Dealers.
The estimated value of the notes was determined for us by WFS using its proprietary pricing models and related market inputs
and assumptions referred to above under "Investment Description--Determining the estimated value." Certain inputs to these models
may be determined by WFS in its discretion. WFS's views on these inputs may differ from other

PS-6
8 of 45
3/20/2014 2:53 PM

Definitive Pricing Supplement No. 418
http://www.sec.gov/Archives/edgar/data/72971/000119312514107801/d...
dealers' views, and WFS's estimated value of the notes may be higher, and perhaps materially higher, than the estimated value of the
notes that would be determined by other dealers in the market. WFS's models and its inputs and related assumptions may prove to be
wrong and therefore not an accurate reflection of the value of the notes.
The Estimated Value Of The Notes Is Not An Indication Of The Price, If Any, At Which WFS Or Any Other Person May Be
Willing To Buy The Notes From You In The Secondary Market.
Secondary market prices, if any, for the notes will be based on WFS's proprietary pricing models and will fluctuate over the
term of the notes as a result of changes in the market and other factors described in the next risk factor. Any secondary market price
for the notes will also be reduced by a bid-offer spread, which may vary depending on the aggregate face amount of the notes to be
purchased in the secondary market transaction, and the expected cost of unwinding any related hedging transactions. Unless the factors
described in the next risk factor change significantly in your favor, any secondary market price for the notes is likely to be less than
the original offering price.
If WFS or any of its affiliates purchases the notes from you at any time up to the issue date or during the 6-month period
following the issue date, the secondary market price will be increased by an amount reflecting a portion of the costs associated with
selling, structuring, hedging and issuing the notes that are included in the original offering price. Because this portion of the costs,
which includes the projected profit that is expected to accrue over time, is not fully deducted upon issuance, any secondary market
price offered by WFS or any of its affiliates during this period will be higher than it would be if it were based solely on WFS's
proprietary pricing models less the bid-offer spread and hedging unwind costs described above. The amount of this increase in the
secondary market price will decline steadily to zero over this 6-month period. We expect that this increase will also be reflected in
the value indicated for the notes on any brokerage account statements.
The Value Of The Notes Prior To Stated Maturity Will Be Affected By Numerous Factors, Some Of Which Are Related In
Complex Ways.
The value of the notes prior to stated maturity will be affected by the value of the Basket at that time, interest rates at that time
and a number of other factors, some of which are interrelated in complex ways. The effect of any one factor may be offset or
magnified by the effect of another factor. The following factors, which we refer to as the "derivative component factors," are
expected to affect the value of the notes. When we refer to the "value" of your note, we mean the value that you could receive for your
note if you are able to sell it in the open market before the stated maturity date.

· Basket Performance. The value of the notes prior to maturity will depend substantially on the value of the Basket. The

price at which you may be able to sell the notes before stated maturity may be at a discount, which could be substantial,
from their original offering price, if the value of the Basket at such time is less than, equal to or not sufficiently above the
starting level.

· Interest Rates. The value of the notes may be affected by changes in the interest rates in the U.S. markets.

·

Volatility Of The Basket. Volatility is the term used to describe the size and frequency of market fluctuations. The value
of the notes may be affected if the volatility of the Basket or the basket components changes.

· Correlation Of The Basket Components. Correlation is the term used to describe the extent to which the direction of

market fluctuations of a basket component is similar to that of the other basket components. The value of the notes may be
affected if the correlation of the basket components changes.

· Time Remaining To Maturity. The value of the notes at any given time prior to maturity will likely be different from that

which would be expected based on the then-current value of the Basket. In general, as the time remaining to maturity
decreases, the value of the notes will approach the amount that would be payable at maturity based on the then-current
value of the Basket.

·

Dividend Yields On Securities Included In The Basket Components. The value of the notes may be affected by the
dividend yields on securities included in the basket components.
In addition to the derivative component factors, the value of the notes will be affected by actual or anticipated changes in our
creditworthiness, as reflected in our secondary market rates. You should understand that the impact of one of the factors specified
above, such as a change in interest rates, may offset some or all of any change in the value of the notes

PS-7
9 of 45
3/20/2014 2:53 PM

Definitive Pricing Supplement No. 418
http://www.sec.gov/Archives/edgar/data/72971/000119312514107801/d...
attributable to another factor, such as a change in the value of the Basket. Because several factors are expected to affect the value of
the notes, changes in the value of the Basket may not result in a comparable change in the value of the notes.
The Notes Will Not Be Listed On Any Securities Exchange And We Do Not Expect A Trading Market For The Notes To
Develop.
The notes will not be listed or displayed on any securities exchange or any automated quotation system. Although the agent
and/or its affiliates may purchase the notes from holders, they are not obligated to do so and are not required to make a market for the
notes. There can be no assurance that a secondary market will develop. Because we do not expect that any market makers will
participate in a secondary market for the notes, the price at which you may be able to sell your notes is likely to depend on the price,
if any, at which the agent is willing to buy your notes.
If a secondary market does exist, it may be limited. Accordingly, there may be a limited number of buyers if you decide to sell
your notes prior to stated maturity. This may affect the price you receive upon such sale. Consequently, you should be willing to hold
the notes to stated maturity.
Your Return On The Notes Could Be Less Than If You Owned The Securities Included In The Basket Components.
Your return on the notes will not reflect the return you would realize if you actually owned the securities included in the
basket components and received the dividends and other payments paid on those securities. This is in part because the redemption
amount payable at stated maturity will be determined by reference to the final component level of the basket components, which will
be calculated by reference to the prices of the securities included in the basket components without taking into consideration the value
of dividends and other payments paid on those securities.
We Cannot Control Actions By Any Of The Unaffiliated Companies Whose Securities Are Included In The Basket
Components.
Actions by any company whose securities are included in a basket component may have an adverse effect on the price of its
security, the ending level of the Basket and the value of the notes. Except as set forth below under "The S&P 500 Index," we are not
affiliated with any of the companies included in the basket components. These companies will not be involved in the offering of the
notes and will have no obligations with respect to the notes, including any obligation to take our or your interests into consideration
for any reason. These companies will not receive any of the proceeds of the offering of the notes and will not be responsible for, and
will not have participated in, the determination of the timing of, prices for, or quantities of, the notes to be issued. These companies
will not be involved with the administration, marketing or trading of the notes and will have no obligations with respect to the
redemption amount to be paid to you at maturity.
We And Our Affiliates Have No Affiliation With Any Index Sponsor And Have Not Independently Verified Its Public
Disclosure Of Information.
We and our affiliates are not affiliated in any way with the sponsor of any of the basket components (collectively, the "index
sponsors" and individually, an "index sponsor") and have no ability to control or predict their actions, including any errors in or
discontinuation of disclosure regarding the methods or policies relating to the calculation of the basket components. We have derived
the information about the index sponsors and the basket components contained in this pricing supplement from publicly available
information, without independent verification. You, as an investor in the notes, should make your own investigation into the basket
components and the index sponsors. The index sponsors are not involved in the offering of the notes made hereby in any way and have
no obligation to consider your interest as an owner of notes in taking any actions that might affect the value of the notes.
Historical Levels Of The Basket Components Should Not Be Taken As An Indication Of The Future Performance Of The
Basket Components During The Term Of The Notes.
The trading prices of the securities included in the basket components will determine the redemption amount payable at
maturity to you. As a result, it is impossible to predict whether the final component level of the basket components will fall or rise
compared to their respective initial component levels. Trading prices of the securities included in the basket components will be
influenced by complex and interrelated political, economic, financial and other factors that can affect the

PS-8
10 of 45
3/20/2014 2:53 PM