Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Wells Fargo plans enhanced growth securities linked to index basket
By Susanna Moon
Chicago, July 8 - Wells Fargo & Co. plans to price 0% enhanced growth securities due August 2013 based on the performance of an index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 45% weight, the MSCI EAFE index with a 20% weight, the MSCI Emerging Markets index with a 20% weight and the Russell 2000 index with a 15% weight.
The payout at maturity will be par plus 1.25 times any basket gain, up to a maximum return of 35% to 45%. The exact cap will be set at pricing.
Investors will receive par for losses up to 15% and will share in any losses beyond 15%.
Wells Fargo Securities, LLC is the agent.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.