E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/22/2013 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo prices $1.74 million buffered enhanced return notes linked to MSCI EAFE

By Toni Weeks

San Luis Obispo, Calif., March 22 - Wells Fargo & Co. priced $1.74 million of 0% buffered enhanced return notes due March 25, 2015 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 23.25%.

Investors will receive par if the index falls by up to 15% and will lose 1.17647% for each 1% decline beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:Wells Fargo & Co.
Issue:Buffered enhanced return notes
Underlying index:MSCI EAFE
Amount:$1,738,000
Maturity:March 25, 2015
Coupon:0%
Price:Par
Payout at maturity:Par plus 150% of any index gain, capped at 23.25%; par if index falls by 15% or less; 1.17647% loss for every 1% decline beyond 15%
Initial index level:1,689.37
Buffer level:1,435.9645, 85% of initial level
Pricing date:March 20
Settlement date:March 27
Agent:Wells Fargo Securities, LLC
Fees:None
Cusip:94986RPC9

© 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.