Wells Fargo plans buffered enhanced return notes linked to MSCI EAFE

By Marisa Wong

Madison, Wis., July 17 - 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 MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes is expected to be 21 to 24 months.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 130% of the index return, subject to a maximum return of 23.4% to 26.65% that will be set at pricing. The payout will be par if the index falls by 12.5% or less. Investors will lose 1.1429% for every 1% decline beyond the 12.5% buffer.

Wells Fargo Securities LLC is the agent.

The notes will price and settle in July.

The Cusip number is 94986RQV6.

© 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.