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 1.85% access notes linked to basket of indexes, funds
By Susanna Moon
Chicago, Dec. 7 – Wells Fargo & Co. plans to price 1.85% access securities with upside participation and buffered downside with multiplier due June 24, 2019 linked to a basket of equity indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The basket consists of the S&P 500 index with a 70% weight, the iShares MSCI EAFE index fund with a 15% weight, the S&P MidCap 400 index with an 8% weight, the iShares MSCI Emerging Markets index fund with a 4% weight and the Russell 2000 index with a 3% weight.
If the basket averaging return is at or above the 85% trigger level, the payout at maturity will be par.
Otherwise, investors will lose 1.1765% for each 1% beyond 15%.
Wells Fargo Securities, LLC is the agent.
The notes will price on Dec. 18 and settle on Dec. 23.
The Cusip number is 94986RB26.
© 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.