By Angela McDaniels
Tacoma, Wash., July 5 – Wells Fargo & Co. priced $3 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due July 8, 2019 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the trust’s return is positive, the payout at maturity will be par plus 145% of the gain, subject to a maximum return of 29%. Investors will receive par if the trust declines by 10% or less and will lose 1% for every 1% that the trust may decline beyond 10%.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying fund: | SPDR S&P 500 ETF Trust
|
| Amount: | $3 million
|
| Maturity: | July 8, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 145% of any trust gain, up to 29% maximum return; par if trust declines by 10% or less; 1% loss for every 1% that trust may decline beyond 10%
|
| Initial share price: | $209.53
|
| Threshold price: | $188.577, 90% of initial share price
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 2.075%
|
| Cusip: | 94986RP21
|
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