By Jennifer Chiou
New York, Dec. 31 - Wells Fargo & Co. priced $5.1 million of 0% upside participation ETF-linked notes due Jan. 4, 2019 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the iShares Core Total U.S. Bond Market ETF with a 50% weight and the iShares MSCI ACWI ETF with a 50% weight.
If the basket return is positive, the payout at maturity will be par plus 120% of the basket return. If the basket declines or is flat, the payout will be par. The final basket level will be the average of the basket's closing levels on the last trading day of each March, June, September and December from March 2014 through December 2018.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Upside participation ETF-linked notes
|
| Underlying ETFs: | iShares Core Total U.S. Bond Market fund (50% weight) and iShares MSCI ACWI fund (50% weight)
|
| Amount: | $5.1 million
|
| Maturity: | Jan. 4, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 120% of basket return; if basket declines or is flat, par
|
| Initial share prices: | $106.43 for iShares Core fund and $57.27 for iShares MSCI ACWI
|
| Final basket level: | Average of basket's closing levels on last trading day of each March, June, September and December, beginning March 2014 through December 2018
|
| Pricing date: | Dec. 27
|
| Settlement date: | Jan. 3
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 94986RSM4
|
© 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.
