Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Wells Fargo & Co. > News item |
Wells Fargo to price enhanced growth securities linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Jan. 11 - Wells Fargo & Co. plans to price 0% enhanced growth securities with contingent protection due February 2015 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 1.1 to 1.2 times the return. The exact participation rate will be set at pricing.
If the index return is between 0% and negative 40%, the payout will be par.
If the index return is less than negative 40%, investors will lose a percentage equal to the decline in the index from the initial level to the final level.
The notes will price in January and settle in February.
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.