Wells Fargo plans buffered enhanced return notes on iShares MSCI EM

By Toni Weeks

San Luis Obispo, Calif., April 11 - Wells Fargo & Co. plans to price 0% buffered enhanced return securities with upside participation to a cap and buffered downside with multiplier linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature 15 to 17 months after pricing.

The payout at maturity will be par plus 1.2 times any gain in the fund, up to a maximum settlement amount of $1,157.20 to $1,180.00 per $1,000 note. The exact maximum payment will be set at pricing.

Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

The notes (Cusip: 94986RPK1) will price and settle in April.

© 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.