By Angela McDaniels
Tacoma, Wash., Feb. 14 - Wells Fargo & Co. priced $4.36 million of 0% buffered enhanced return securities with upside participation to a cap and buffered downside with multiplier linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The maturity date is Feb. 17, 2015.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 120% of the index return, subject to a maximum return of 20.52%. Investors will receive par if the index declines by 15% or less and will lose 1.17647% for every 1% that it declines beyond 15%.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Buffered enhanced return securities with upside participation to a cap and buffered downside with multiplier
|
| Underlying index: | S&P 500
|
| Amount: | $4,361,000
|
| Maturity: | Feb. 17, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 120% of any index gain, subject to maximum return of 20.52%; par if index declines by 15% or less; 1.17647% loss for every 1% that index declines beyond 15%
|
| Initial index level: | 1,519.43
|
| Pricing date: | Feb. 12
|
| Settlement date: | Feb. 20
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | None
|
| Cusip: | 94986RNM9
|
© 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.
