New Issue: Wells sells $34.77 million Leveraged Index Return Notes on the Dow

By Marisa Wong

Morgantown, W.Va., Oct. 6 – Wells Fargo & Co. priced $34.77 million of 0% Leveraged Index Return Notes due Sept. 30, 2022 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 114.7% of any index gain.

If the index falls by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 20%.

BofA Merrill Lynch is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones industrial average
Amount:	$34,765,310
Maturity:	Sept. 30, 2022
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 114.7% of any index gain; par if index falls by up to 20%; exposure to any losses beyond 20%
Initial level:	22,381.20
Threshold level:	17,904.96, 80% of initial level
Pricing date:	Sept. 28
Settlement date:	Oct. 5
Agent:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	94988U599

© 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.