Published on 12/10/2015 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $2.73 million leveraged buffered notes linked to iShares Russell
By Devika Patel
Knoxville, Tenn., Dec. 10 – Wells Fargo & Co. priced $2.73 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Dec. 5, 2018 linked to the iShares Russell 1000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum return of 40.9%. Investors will receive par if the ETF decreases by up to 10% and will lose 1% for every 1% that the ETF declines beyond 10%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying fund: iShares Russell 1000 exchange-traded fund
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Amount: | $2,731,000
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Maturity: | Dec. 5, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any ETF gain, up to 40.9% maximum return; par if ETF declines by 10% or less; 1% loss for every 1% that ETF declines beyond 10%
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Initial share price: | $116.16
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Threshold price: | $104.544, 90% of initial share price
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Pricing date: | Nov. 30
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Settlement date: | Dec. 3
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Agent: | Wells Fargo Securities, LLC
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Fees: | None
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Cusip: | 94986RA76
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