Published on 11/13/2015 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $4.35 million enhanced return notes tied to S&P 500
By Devika Patel
Knoxville, Tenn., Nov. 13 – Wells Fargo & Co. priced $4.35 million of 0% enhanced return securities due May 15, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any index gain up to a maximum return of $1,190.40 for each $1,000 principal amount.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Enhanced return securities with capped upside and one-to-one downside
|
| Underlying index: | S&P 500
|
| Amount: | $4.35 million
|
| Maturity: | May 15, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 19.04%; exposure to any losses
|
| Initial level: | 2,081.72
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 18
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 1.67%
|
| Cusip: | 94986RZY0
|
|
|
|
|
© 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.
