New Issue: Wells Fargo prices $6.16 million market-linked autocallables on index, ETF

By Wendy Van Sickle

Columbus, Ohio, April 4 – Wells Fargo & Co. priced $6.16 million 5.8% market-linked securities — autocallable with fixed coupon and buffered downside with multiplier due Oct. 3, 2018 linked to the iShares MSCI EAFE ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par if each asset finishes above its initial level on a quarterly observation date after six months.

The payout at maturity will be par unless either asset finishes below its 80% downside threshold level, in which case investors will lose 1.25% for each decline of the worse performing asset beyond 20%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities — autocallable with fixed coupon and buffered downside with multiplier
Underlying assets:	iShares MSCI EAFE ETF, Russell 2000
Amount:	$6,157,000
Maturity:	Oct. 3, 2018
Coupon:	5.8%, payable quarterly
Price:	Par
Payout at maturity:	Par unless either asset finishes below its 80% downside threshold level, in which case investors will lose 1.25% for each 1% decline of the worse performing asset beyond 20%
Initial levels:	$62.60 for ETF, 1,371.645 for Russell
Thresholds:	$50.08 for ETF, 1,097.316 for Russell; 80% of initial levels
Call:	At par if each asset finishes above its initial level on a quarterly observation date after six months
Pricing date:	March 29
Settlement date:	April 3
Agent:	Wells Fargo Securities LLC
Fees:	0.5%
Cusip:	94986R5E7

© 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.