New Issue: Wells Fargo prices $3.99 million market-linked notes on fund basket

By Susanna Moon

Chicago, June 4 - Wells Fargo & Co. priced $3.99 million of market-linked notes due June 5, 2020 tied to a basket of three funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the SPDR S&P 500 ETF Trust with a 65% weight, the iShares MSCI EAFE index fund with a 25% weight and the iShares MSCI Emerging Markets index Fund with a 10% weight.

The payout at maturity will be par plus 108% of any basket gain.

If the basket falls, the payout will be par.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked notes
Underlying basket:	SPDR S&P 500 ETF Trust (65% weight), the iShares MSCI EAFE index fund (25% weight) and the iShares MSCI Emerging Markets index Fund (10% weight)
Amount:	$3,992,000
Maturity:	June 5, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 108% of any basket gain, floor of par
Initial level:	$163.24 for S&P fund, $60.08 for EAFE fund and $41.21 for EM fund
Pricing date:	May 31
Settlement date:	June 7
Agent:	Wells Fargo Securities, LLC
Fees:	1.5%
Cusip:	94986RPS4

© 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.