New Issue: Wells Fargo prices $3.23 million market-linked securities linked to S&P 500 index

By Toni Weeks

San Luis Obispo, Calif., Feb. 3 - Wells Fargo & Co. priced $3.23 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 7, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum return of 35%.

Investors will receive par if the index decreases by up to 10% and will lose 1% for every 1% drop beyond the 10% buffer.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities
Underlying index:	S&P 500 index
Amount:	$3,225,000
Maturity:	Aug. 7, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, with returns capped at 15%; par if index falls by up to 10%, exposure to losses beyond 10% buffer
Initial index level:	1,794.19
Threshold level:	1,614.771, 90% of initial level
Pricing date:	Jan. 30
Settlement date:	Feb. 6
Agent:	Wells Fargo Securities, LLC
Fees:	1.25%
Cusip:	94986RSS1

© 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.