Published on 11/6/2017 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $3.17 million market-linked leveraged notes on iShares MSCI EAFE
By Susanna Moon
Chicago, Nov. 6 – Wells Fargo & Co. priced $3.17 million of market-linked securities – leveraged upside participation and contingent downside due Nov. 7, 2022 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 136% of any fund gain.
Investors will receive par if the fund falls by up to 30% and will be fully exposed to any losses if the fund falls by more than the contingent downside.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Market-linked securities – leveraged upside participation and contingent downside
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Underlying fund: | iShares MSCI EAFE ETF
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Amount: | $3.17 million
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Maturity: | Nov. 7, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If fund gains, par plus 136% of return; if fund falls by up to 30%, par; otherwise, 1% loss for each 1% decline
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Initial level: | $69.34
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Threshold: | $48.538, 70% of initial level
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Pricing date: | Oct. 30
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Settlement date: | Nov. 6
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Agent: | Wells Fargo Securities LLC
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Fees: | 2.62%
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Cusip: | 95000E3H0
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