Wells Fargo plans contingent market-linked callable notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Feb. 21 – Wells Fargo Finance LLC plans to price market-linked securities due March 4, 2025 – callable with contingent coupon and contingent downside linked to the least performing of the Nasdaq-100 index, Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Wells Fargo & Co.

The notes will pay a contingent quarterly coupon at an annual rate of at least 8.2% if each index closes at or above its 75% coupon threshold on the observation date for that quarter.

The notes are callable at par on any observation date after six months.

The payout at maturity will be par unless any index finishes below its 60% downside threshold, in which case the payout will be par plus the return of the worst performing index with full exposure to any losses.

Wells Fargo Securities LLC is the agent.

The notes will price on Feb. 27.

The Cusip number is 95001HFF3.

© 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.