Wells Fargo to price 0% participation securities linked to S&P Global Infrastructure index

By Laura Lutz

Des Moines, March 12 - Wells Fargo & Co. plans to price 0% participation securities with partial principal protection due April 2013 linked to the S&P Global Infrastructure index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least the initial level, the payout at maturity will be par plus any index gain multiplied by a participation rate of between 105% and 115%. The exact participation rate will be set at pricing.

If the index declines by up to 15%, the payout will be par. Investors will lose 1% for each 1% that the index declines beyond 15%.

Wells Fargo Securities, LLC will be the underwriter.

© 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.