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 plans enhanced growth notes on iShares DJ U.S. real estate
By Susanna Moon
Chicago, Nov. 10 - Wells Fargo & Co. plans to price 0% enhanced growth securities due June 2013 based on the performance of the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 30% to 35%. The exact cap will be set at pricing.
Investors will receive par for losses up to 15% and will share in any losses beyond 15%.
The notes (Cusip 94986RBN0) will settle in December.
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.