By Jennifer Chiou
New York, Jan. 9 – Wells Fargo & Co. priced $9.45 million of 0% ETF-linked securities with leveraged upside participation to a cap and fixed buffered downside with multiplier due Sept. 12, 2016 linked to the iShares MSCI EAFE 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 150% of the gain, subject to a maximum payout of $1,193 per $1,000 principal amount.
Investors will receive par if the fund falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | ETF-linked securities
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| Underlying ETF: | iShares MSCI EAFE exchange-traded fund
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| Amount: | $9.45 million
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| Maturity: | Sept. 12, 2016
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 150% of any fund gain, capped at 19.3%; par for losses up to 15%; 1.1765% loss for every 1% decline beyond buffer price
|
| Initial share price: | $59.13
|
| Buffer price: | $50.2605, 85% of initial share price
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| Pricing date: | Jan. 7
|
| Settlement date: | Jan. 12
|
| Agent: | Wells Fargo Securities LLC
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| Fees: | None
|
| Cusip: | 94986RVR9
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