New Issue: Wells Fargo prices $2.51 million market-linked notes linked to Russell

By Susanna Moon

Chicago, Oct. 27 – Wells Fargo & Co. priced $2.51 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due April 29, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain in the index, up to a maximum return of 11.4%.

Investors will receive par if the index falls by 10% or more and will lose 1% for every 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities
Underlying index:	S&P 500
Amount:	$2,506,000
Maturity:	April 29, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of index gain, capped at 11.4%; par if index falls by up to 10%; exposure to losses beyond 10%
Initial level:	1,950.82
Threshold level:	1,755.738, 90% of initial level
Pricing date:	Oct. 23
Settlement date:	Oct. 29
Agent:	Wells Fargo Securities LLC
Fees:	0.5%
Cusip:	94986RVD0

© 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.