Published on 11/26/2014 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $28.97 million enhanced return notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Nov. 26 – Wells Fargo & Co. priced $28.97 million of 0% enhanced return securities due Nov. 28, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.95 times any gain in the index.
Investors will share in any losses.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced return notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $28,968,000
|
| Maturity: | Nov. 28, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 195% of any index gain; full exposure to any losses
|
| Initial index level: | 3,211.7
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 28
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 3.5%
|
| Cusip: | 94986RVG3
|
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