Wells Fargo plans enhanced growth securities linked to S&P 500 index

By Jennifer Chiou

New York, Oct. 5 - Wells Fargo & Co. plans to price 0% enhanced growth securities due May 2014 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 1.5 times any index gain, up to a maximum return of 43% to 48%. The exact cap will be set at pricing.

Investors will be exposed to any losses beyond 10%.

The securities (Cusip: 94986RBF7) are expected to settle in November.

Wells Fargo Securities, LLC is the agent.

© 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.