By Susanna Moon
Chicago, Oct. 8 – Wells Fargo & Co. priced $4.46 million of 0% market-linked securities with leveraged upside participation to a cap and buffered downside with multiplier due April 5, 2019 linked to a basket of unequally weighted exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the iShares MSCI EAFE ETF with a 57% weight, the iShares Russell 2000 ETF with a 16% weight, the SPDR S&P MidCap 400 ETF Trust with a 15% weight and iShares MSCI Emerging Markets ETF with a 12% weight.
The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 67.38%.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
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| Issue: | Market-linked securities
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| Underlyings: | iShares MSCI EAFE ETF (57% weight), iShares Russell 2000 ETF (16% weight), SPDR S&P MidCap 400 ETF Trust (15% weight) and iShares MSCI Emerging Markets ETF (12% weight)
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| Amount: | $4,458,000
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| Maturity: | April 5, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any basket gain, capped at 67.38%; par for losses up to 15%; 1.1765% loss per 1% drop beyond 15%
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| Initial ETF prices: | $57.32 for iShares MSCI EAFE, $109.20 for iShares Russell, $248.89 for SPDR S&P MidCap and $32.78 for iShares MSCI EM
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Agent: | Wells Fargo Securities LLC
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| Fees: | None
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| Cusip: | 94986RYW5
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