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 on iShares MSCI EM
By Jennifer Chiou
New York, May 22 - Wells Fargo & Co. plans to price 0% buffered enhanced return securities with capped upside and buffered downside linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 17 to 20 months after issue.
The payout at maturity will be par plus 1.3 times any gain in the fund, up to a maximum settlement amount of $1,180.70 to $1,209.30 per $1,000 principal amount of notes.
Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
The exact deal terms will be set at pricing.
The notes (Cusip: 94986RUA7) will price and settle in May.
Wells Fargo Securities, LLC is the agent.
© 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.