Published on 6/26/2015 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $5.22 million market-linked notes tied to iShares MSCI EM ETF
By Toni Weeks
San Luis Obispo, Calif., June 26 – Wells Fargo & Co. priced $5.22 million of 0% market-linked notes due June 28, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund value increases, the payout at maturity will be par plus 125% of the fund return, with a maximum payout of par plus 49.75%.
Investors will receive par if the share price decreases by up to 15% and will be exposed to losses beyond the 15% threshold.
Wells Fargo Securities LLC is the agent.
Issuer: | Wells Fargo & Co.
|
Issue: | Market-linked notes with leveraged upside participation to a cap and fixed-percentage buffered downside
|
Underlying fund: | iShares MSCI Emerging Markets exchange-traded fund
|
Amount: | $5,216,000
|
Maturity: | June 28, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.25 times any fund gain, with payout capped at par plus 49.75%; par if share price decreases by up to 15%; full exposure to losses beyond 15% buffer
|
Initial price: | $40.75
|
Buffer level: | $34.6375, or 85% of initial level
|
Pricing date: | June 24
|
Settlement date: | June 29
|
Agent: | Wells Fargo Securities, LLC
|
Fees: | None
|
Cusip: | 94986RXP1
|
© 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.