Published on 12/17/2014 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $11.94 million buffered enhanced return notes tied to MSCI EAFE
By Marisa Wong
Madison, Wis., Dec. 17 – Wells Fargo & Co. priced $11.94 million of 0% buffered enhanced return securities with capped upside and buffered downside due Aug. 25, 2016 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 130% of any gain in the index, up to a maximum return of 16.51%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Buffered enhanced return securities with capped upside and buffered downside
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Underlying index: | MSCI EAFE
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Amount: | $11,937,000
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Maturity: | Aug. 25, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130% of any index gain, capped at 16.51%; par if index falls by 10% or less; 1.1111% loss for every 1% decline beyond 10%
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Initial index level: | 1,729.49
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Buffer level: | 1,556.541, or 90% of initial level
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Pricing date: | Dec. 15
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Settlement date: | Dec. 22
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Agent: | Wells Fargo Securities, LLC
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Fees: | None
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Cusip: | 94986RVL2
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