Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for Dow Jones-UBS Commodity Index-Excess Return > News item |
Wells Fargo plans enhanced growth securities linked to DJ-UBS Commodity for Svensk
By Jennifer Chiou
New York, Aug. 11 - AB Svensk Exportkredit plans to price 0% enhanced growth securities with leveraged upside and buffered downside due March 7, 2014 linked to the Dow Jones-UBS Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
Wells Fargo Securities, LLC is the agent.
The payout at maturity will be par plus 1.25 times any index gain, up to a maximum payout of $1,300 to $1,400 per $1,000 principal amount. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 15% and will share in losses at a rate of 1.17647% per 1% drop beyond the buffer.
The notes will price in August and settle in September.
© 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.