By Wendy Van Sickle
Columbus, Ohio, July 28 – Wells Fargo & Co. priced $1.03 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due July 31, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, up to a maximum return of 14%.
Investors will receive par if the fund falls by up to the 23.5% buffer and will be exposed to any losses beyond the buffer.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying ETF: | iShares MSCI EAFE
|
| Amount: | $1,025,000
|
| Maturity: | July 31, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, up to maximum return of 14%; par if fund falls by up to 23.5% buffer; exposure to losses beyond buffer
|
| Initial level: | $57.21
|
| Pricing date: | July 26
|
| Settlement date: | July 29
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | None
|
| Cusip: | 94986RR60
|
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