New Issue: Wells Fargo prices $845,000 buffered enhanced return notes tied to iShares MSCI EM

By Marisa Wong

Madison, Wis., June 25 - Wells Fargo & Co. priced $845,000 of 0% buffered enhanced return securities with upside participation to a cap and buffered downside with multiplier due April 30, 2015 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.3 times any gain in the fund, up to a maximum settlement amount of $1,270 per $1,000 principal amount of notes.

Investors will receive par if the fund falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Buffered enhanced return securities with upside participation to a cap and buffered downside with multiplier
Underlying fund:	iShares Emerging Markets index fund
Amount:	$845,000
Maturity:	April 30, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% of any fund gain, capped at 27%; par if fund falls by 15% or less; 1.1765% loss for every 1% decline beyond 15%
Initial price:	$37.44
Buffer level:	$31.824, 85% of initial price
Pricing date:	June 21
Settlement date:	June 28
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986RQN4

© 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.