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Wells Fargo plans market-linked notes due 2016 tied to S&P 500 index
By Marisa Wong
Madison, Wis., Nov. 12 - Wells Fargo & Co. plans to price six-year 0% market-linked notes tied to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par of plus 100% to 110% of the index gain.
Investors will receive par at least par.
The notes (Cusip: 94986RBP5) are expected to settle in December.
Wells Fargo Securities, LLC is the underwriter.
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