New Issue: Wells Fargo prices $417,000 market-linked notes tied to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Sept. 2 – Wells Fargo & Co. priced $417,000 of 0% market-linked securities – upside participation to a cap and fixed percentage buffered downside due Aug. 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum return of 40%.

Investors will receive par if the index falls by up to 40% and will be exposed to any losses beyond 40%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities – upside participation to a cap and fixed percentage buffered downside
Underlying index:	Euro Stoxx 50
Amount:	$417,000
Maturity:	Aug. 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 40%; par if index falls by up to 40%; exposure to any losses beyond 40%
Initial level:	3,170.73
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	Wells Fargo Securities LLC
Fees:	4%
Cusip:	94986RYH8

© 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.