By Angela McDaniels
Tacoma, Wash., July 5 – Wells Fargo & Co. priced $1.99 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due July 6, 2020 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund’s return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum return of 41%. Investors will receive par if the fund declines by 15% or less and will lose 1% for every 1% that the fund may decline beyond 15%.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying fund: | Financial Select Sector SPDR Fund
|
| Amount: | $1.99 million
|
| Maturity: | July 6, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, up to 41% maximum return; par if fund declines by 15% or less; 1% loss for every 1% that fund may decline beyond 15%
|
| Initial share price: | $22.83
|
| Threshold price: | $19.4055, 85% of initial share price
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 3.87%
|
| Cusip: | 13605WBP5
|
© 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.
