Published on 1/3/2019 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo sells $15.53 million Leveraged Index Return Notes on Stoxx
Chicago, Jan. 3 – Wells Fargo & Co. priced $15.53 million of 0% Leveraged Index Return Notes due Dec. 17, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 166.10% of any index gain.
Investors will receive par if the index falls by up to 25% and will lose 1% for every 1% decline beyond 25%.
Wells Fargo Securities, LLC and BofA Merrill Lynch are the agents.
Issuer: | Wells Fargo & Co.
|
Issue: | Leveraged Index Return Notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $15,527,790
|
Maturity: | Dec. 17, 2021
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 166.10% of any index gain; par if index falls by up to 25%; 1% loss for every 1% decline beyond 25%
|
Initial index level: | 3,000.06
|
Threshold value: | 2,250.05, 75% of initial value
|
Pricing date: | Dec. 20
|
Settlement date: | Dec. 28
|
Agents: | Wells Fargo Securities, LLC and BofA Merrill Lynch
|
Fees: | 2.25%
|
Cusip: | 94988U318
|
|
© 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.