Wells Fargo plans market-linked securities on iShares MSCI EM ETF

By Jennifer Chiou

New York, June 6 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation and contingent downside due June 29, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 105% to 115% of the gain.

Investors will receive par if the fund falls by up to 30% and will share fully in losses if the fund declines beyond the buffer.

The notes (Cusip: 94986RUB5) are expected to price on June 20 and settle on June 27.

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.