By Toni Weeks
San Luis Obispo, Calif., July 25 – Wells Fargo & Co. priced $2 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due July 28, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 125% of any gain in the fund, up to a maximum return of 33.5%.
Investors will receive par if the fund falls by 10% or more and will lose 1% for every 1% decline in the share price beyond 10%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $2 million
|
| Maturity: | July 28, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of fund gain, capped at 33.5%; par if fund falls by up to 10%; exposure to losses beyond 10% buffer
|
| Initial share price: | $44.76
|
| Threshold price: | $40.284, 90% of initial price
|
| Pricing date: | July 23
|
| Settlement date: | July 28
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 94986RUJ8
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
