Published on 2/3/2017 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $730,000 market-linked notes with leverage on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Feb. 3 – Wells Fargo & Co priced $730,000 of 0% market linked securities with leveraged upside participation and contingent downside due Feb. 7, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 125% of any index gain.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% threshold level.
TD Securities (USA) LLC and Wells Fargo Securities, LLC are the agents.
Issuer: | Wells Fargo & Co.
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Issue: | Market linked securities with leveraged upside participation and contingent downside
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Underlying index: | Euro Stoxx 50
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Amount: | $730,000
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Maturity: | Feb. 7, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 125% of any index gain; par if index declines by 30% or less; full exposure to loss if index falls beyond 30%
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Initial index level: | 3,230.68
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Threshold level: | 2261.476, 70% of initial level
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Pricing date: | Jan. 31
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Settlement date: | Feb. 7
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Agent: | Wells Fargo Securities LLC
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Fees: | 2.075%
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Cusip: | 94986R3F6
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