Wells Fargo plans protected market-linked notes tied to index basket

By Susanna Moon

Chicago, Sept. 20 - Wells Fargo & Co. plans to price market-linked notes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature in September 2020, September 2021 or September 2022. The exact year will be set at pricing.

The basket consists of the S&P 500 index with a 55% weight, the MSCI EAFE index with a 30% weight and the Russell 2000 index with a 15% weight.

The payout at maturity will be par plus a participation rate times any basket gain. The participation rate will be set at pricing.

If the basket falls, the payout will be par.

Wells Fargo Securities, LLC is the agent.

The notes will price and settle in September.

© 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.