Wells Fargo to price enhanced participation notes linked to equity index basket

By E. Janene Geiss

Philadelphia, Sept. 8 - Wells Fargo & Co. plans to price 0% enhanced participation securities with partial principal protection due October 2014 linked to the an equity basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 50% weight, iShares MSCI EAFE index fund with a 30% weight and the iShares MSCI Emerging Markets index fund with a 20% weight.

The payout at maturity will be par plus 1.05 to 1.15 times any basket gain with the exact participation rate set at pricing. Investors will receive par if the basket declines by 20% or less and will be exposed to any decline beyond 20%.

Wells Fargo Securities LLC is 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.