Published on 2/2/2017 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $1.31 million market-tied notes on iShares MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, Feb. 2 – Wells Fargo & Co. priced $1.31 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 31, 2019 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 27% and will lose 1% for each 1% decline beyond 27%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Market-linked securities – leveraged upside participation to a cap and buffered downside
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Underlying fund: | iShares MSCI EAFE ETF
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Amount: | $1,312,000
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Maturity: | Jan. 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any fund gain, capped at 14%; par if fund falls by up to 27%; otherwise, 1% loss per 1% drop beyond 27%
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Initial level: | $60.07
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agent: | Wells Fargo Securities LLC
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Fees: | None
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Cusip: | 94986R3R0
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