| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Wells Fargo & Co. > News item |
Wells Fargo plans buffered enhanced return notes linked to S&P 500
By Susanna Moon
Chicago, Aug. 9 - 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 S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 19 and 22 months after issue.
The payout at maturity will be par plus 130% of any index gain, up to a maximum return of $1,140.40 to $1,158.60 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.
The exact deal terms, including maturity and cap, will be set at pricing.
Wells Fargo Securities LLC is the agent.
The notes will price and settle in August.
The Cusip number is 94986RQY0.
© 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.