| 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 sets maturity of enhanced growth notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 15 - Wells Fargo & Co.'s upcoming 0% enhanced growth securities linked to the S&P 500 index with mature Nov. 1, 2011, according to an amended 424B2 filing with the Securities and Exchange Commission.
The securities were originally expected to mature in October 2011.
The payout at maturity will be par plus two times any index gain, subject to a maximum return of 10% to 12% that will be set at pricing. Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The securities (Cusip: 94986RAU5) will price Sept. 24 and settle Oct. 1.
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.