By Jennifer Chiou
New York, Jan. 8 - Wells Fargo & Co. priced $17 million of 0% principal-at-risk securities due Jan. 11, 2016 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than the initial share price, the payout at maturity will be par plus 125% of the ETF return, subject to a maximum return of 22.5%.
If the final share price is less than or equal to the initial share price but greater than or equal to the threshold price, 75% of the initial share price, then the payout will be par.
If the final share price is less than the threshold price, investors will lose 1% for every 1% that the final share price is less than the initial share price.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Principal-at-risk securities
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $17 million
|
| Maturity: | Jan. 11, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any fund gain, capped at 22.5%; par if fund falls by 25% or less; full exposure to losses if fund closes below threshold level
|
| Initial level: | $65.90
|
| Threshold level: | $49.425, 75% of initial level
|
| Pricing date: | Jan. 6
|
| Settlement date: | Jan. 9
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | None
|
| Cusip: | 94986RSN2
|
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