Wells Fargo plans market-linked notes due 2016 tied to currency basket

By Susanna Moon

Chicago, Feb. 9 - Wells Fargo & Co. plans to price 0% market-linked notes due September 2016 linked to a basket of currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Australian dollar, the Norwegian krone and the Canadian dollar, each weighted at about one-third and relative to the U.S. dollar.

The payout at maturity will be par plus any basket gain, with a minimum return of 2% to 4%. The exact floor will be set at pricing.

If the basket falls, the payout will be equal to the minimum return.

Wells Fargo Securities, LLC is the agent.

The notes will settle in March.

The Cusip is 94986RHM6.

© 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.