New Issue: Wells Fargo prices $3.6 million leveraged buffered notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Oct. 7 – Wells Fargo & Co. priced $3.6 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 7, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 175% of the gain, subject to a maximum return of 45%. Investors will receive par if the index decreases by up to 20% and will lose 1% for every 1% that the index declines beyond 20%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Euro Stoxx 50
Amount:	$3,598,000
Maturity:	Oct. 7, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 175% of any index gain, up to 45% maximum return; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
Initial index level:	3,100.67
Threshold price:	2,480.536, 80% of initial share price
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Agent:	Wells Fargo Securities LLC
Fees:	1.575%
Cusip:	94986RYQ8

© 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.