| 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 5.5-year 1% growth securities linked to S&P 500
By Toni Weeks
San Diego, May 8 - Wells Fargo & Co. plans to price 1% growth securities with leveraged capped upside and fixed percentage buffered downside due December 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 55% to 65%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 15% and will be exposed to losses beyond the 15% buffer.
Wells Fargo Securities, LLC is the agent.
The notes will settle in June.
The Cusip number is 94986RJU6.
© 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.