By Susanna Moon
Chicago, Feb. 8 – Wells Fargo & Co. priced $3.26 million 0% market-linked autocallable securities with fixed percentage buffered downside due Feb. 7, 2020 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 6.7% if the fund closes at or above its initial level on any annual call date.
The payout at maturity will be par unless the fund falls by more than 10%, in which case investors will lose 1% for each 1% decline beyond 10%.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked autocallable securities with fixed percentage buffered downside
|
| Underlying fund: | Financial Select Sector SPDR
|
| Amount: | $3,262,000
|
| Maturity: | Feb. 7, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless fund falls by more than 10%, in which case 1% loss for each 1% decline beyond 10%
|
| Initial level: | $23.31
|
| Call: | At par plus an annual call premium of 6.7% if fund closes at or above its initial level on any annual call date
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 7
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 1.825%
|
| Cusip: | 94986R3U3
|
|
|
|
|
© 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.
