By Marisa Wong
Morgantown, W.Va., May 8 – Wells Fargo & Co. priced $706,000 of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due April 30, 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 200% of any fund gain, with the return capped at 21%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline below the initial level if it falls by more than 10%.
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 fund: | iShares MSCI EAFE ETF
|
| Amount: | $706,000
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| Maturity: | April 30, 2019
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, return capped at 21%; par if the fund falls by up to 10%; 1% loss for each 1% decline below the initial level if it falls by more than 10%
|
| Initial price: | $63.99
|
| Threshold level: | $57.591, 90% of initial level
|
| Pricing date: | April 25
|
| Settlement date: | April 28
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | None
|
| Cusip: | 94986R5S6
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