New Issue: Wells Fargo prices $1.68 million growth securities on iShares Dow Jones U.S. Real Estate

By Susanna Moon

Chicago, Dec. 29 - Wells Fargo & Co. priced $1.68 million of 0% growth securities with upside participation to a cap and fixed percentage buffered downside due Jan. 7, 2015 linked to 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 40%.

Investors will receive par if the shares fall by up to 15% and will be exposed to any losses beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Growth securities
Underlying fund:	iShares Dow Jones U.S. Real Estate index fund
Amount:	$1,675,000
Maturity:	Jan. 7, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any fund gain, capped at 40%; par if shares fall by up to 15%; exposure to losses beyond 15%
Initial price:	$56.65
Threshold level:	$48.15, or 85% of initial price
Pricing date:	Dec. 28
Settlement date:	Jan. 4
Agent:	Wells Fargo Securities, LLC
Fees:	2%
Cusip:	94986RGP0

© 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.