By Marisa Wong
Morgantown, W.Va., May 8 – Wells Fargo & Co. priced $788,000 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 150% of any fund gain, with the return capped at 15%.
Investors will receive par if the fund falls by up to 20.5% and will lose 1% for each 1% decline below the initial level if it falls by more than 20.5%.
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 fixed percentage buffered downside
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Underlying fund: | iShares MSCI EAFE ETF
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Amount: | $788,000
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Maturity: | April 30, 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, return capped at 15%; par if the fund falls by up to 20.5%; 1% loss for each 1% decline below the initial level if it falls by more than 20.5%
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Initial price: | $63.99
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Threshold level: | $50.87205, 79.5% of initial level
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Pricing date: | April 25
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Settlement date: | April 28
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Agent: | Wells Fargo Securities LLC
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Fees: | None
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Cusip: | 94986R5P2
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