Published on 12/31/2013 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $5.75 million buffered enhanced return notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Dec. 31 - Wells Fargo & Co. priced $5.75 million of 0% buffered enhanced return securities due April 18, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 140% of the index return, subject to a maximum return of 23.1%. Investors will receive par if the index declines by 12.5% or less and will lose 1.1429% for every 1% that it declines beyond 12.5%.
Wells Fargo Securities LLC is the agent.
Issuer: | Wells Fargo & Co.
|
Issue: | Buffered enhanced return securities
|
Underlying index: | S&P 500
|
Amount: | $5,748,000
|
Maturity: | April 18, 2016
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final index level is greater than initial index level, par plus 140% of index return, capped at 23.1%; par if index declines by 12.5% or less; 1.1429% loss for every 1% drop beyond 12.5%
|
Initial index level: | 1,841.40
|
Buffer level: | 1,611.225, or 87.5% of initial level
|
Pricing date: | Dec. 27
|
Settlement date: | Jan. 3
|
Agent: | Wells Fargo Securities LLC
|
Fees: | None
|
Cusip: | 94986RSL6
|
© 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.