New Issue: Wells Fargo prices $5 million growth securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 31 - Wells Fargo & Co. priced $5 million of 0% growth securities with leveraged upside participation to a cap and contingent downside protection due Sept. 4, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 21%. Investors will receive par if the index falls by up to 20% and will be fully exposed to the index's decline from its initial level if it declines by more than 20%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Growth securities
Underlying index:	S&P 500
Amount:	$5 million
Maturity:	Sept. 4, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any gain in index, up to maximum return of 21%; par if index falls by up to 20%; full exposure to index's decline from initial level if it declines by more than 20%
Initial index level:	1,410.49
Pricing date:	Aug. 29
Settlement date:	Sept. 4
Agent:	Wells Fargo Securities, LLC
Fees:	2.25%
Cusip:	94986RLF6

© 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.