E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/14/2012 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo prices $1 million buffered access securities linked to Nikkei 225 index

By Toni Weeks

San Diego, Sept. 14 - Wells Fargo & Co. priced $1 million of 0% access securities with upside participation to a cap and fixed percentage buffered downside due March 17, 2016 linked to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return of 42%.

Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond the 20% buffer.

Wells Fargo Securities, LLC is the agent.

Issuer:Wells Fargo & Co.
Issue:Access securities with upside participation to a cap and fixed percentage buffered downside
Underlying index:Nikkei 225
Amount:$1 million
Maturity:March 17, 2016
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus index return, subject to maximum return of 42%; if index falls by up to 20%, par; exposure to losses beyond 20% buffer
Initial level:8,959.96
Threshold level:7,167.97, 80% of initial level
Pricing date:Sept. 12
Settlement date:Sept. 17
Agent:Wells Fargo Securities, LLC
Fees:None
Cusip:94986RLL3

© 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.