| 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 linked to S&P 500
By Susanna Moon
Chicago, May 15 – Wells Fargo & Co. plans to price 0% buffered enhanced return securities with capped upside and buffered downside linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature 22 to 25 months after issue.
The payout at maturity will be par plus 140% of any index gain, up to a maximum settlement amount of $1,196.00 to $1,228.20 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.
Wells Fargo Securities LLC is the agent.
The notes will price and settle in May.
The Cusip number is 94986RXD8.
© 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.