New Issue: Wells Fargo prices $8.28 million buffered enhanced return securities linked to S&P 500

New York, Dec. 8 – Wells Fargo & Co. priced $8,276,000 of buffered enhanced return securities with capped upside and buffered downside due June 13, 2018 linked to the S&P 500 Index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum payment of par plus 18.6%. Investors will receive par if the index falls by up to 10% and lose 1.1111% for every 1% decline in the index beyond 10%

The agent is Wells Fargo Securities.

Issuer:	Wells Fargo & Co.
Issue:	Buffered enhanced return securities with capped upside and buffered downside
Underlying stock:	S&P 500 Index
Amount:	$8,276,000
Maturity:	June 13, 2018
Coupon:	0%
Price:	Par of 100
Payout at maturity:	If index return is positive, par plus 150% of index return, subject to maximum payment of par plus 18.6%; par if index falls by up to 10%; 1.1111% loss for every 1% decline in index beyond 10%
Initial index level:	2,212.23
Pricing date:	Dec. 6
Settlement date:	Dec. 13
Agents:	Wells Fargo Securities
Fees:	0%
Cusip:	94986R2Q3

© 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.