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 3.5-year access securities linked to commodities
By Jennifer Chiou
New York, Jan. 7 - Wells Fargo & Co. plans to price 0% access securities due August 2014 linked to five equally weighted commodities, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying commodities are crude oil, platinum, copper, corn and cotton.
The payout at maturity will be par plus 100% to 120% of any basket gain, with the exact participation rate to be set at pricing.
Investors will receive par if the basket falls by up to 15% and will be exposed to any losses beyond 15%.
The notes (Cusip: 94986RCJ8) will settle in February.
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.