By Marisa Wong
Morgantown, W.Va., Nov. 11 – Wells Fargo & Co. priced $2.06 million of 0% market-linked securities with upside participation and contingent downside due Nov. 2, 2018 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 125% of any fund gain.
Investors will receive par if the fund falls by up to 28.5% and will be fully exposed to losses if it falls by more than 28.5%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked securities – upside participation and contingent downside
|
| Underlying fund: | Energy Select Sector SPDR fund
|
| Amount: | $2,064,000
|
| Maturity: | Nov. 2, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any fund gain; par if fund falls by up to 28.5%; full exposure to losses if fund falls by more than 28.5%
|
| Initial price: | $68.03
|
| Threshold level: | $48.64145, 71.5% of initial level
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 4
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 94986RZS3
|
|
|
© 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.
