By Wendy Van Sickle
Columbus, Ohio, Jan. 25 – Wells Fargo & Co. priced $2.94 million of 0% buffered enhanced return securities with capped upside and buffered downside due July 26, 2017 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 60% weight, the iShares MSCI EAFE exchange-traded fund with a 25% weight, the Russell 2000 index with a 10% weight, and the iShares MSCI Emerging Markets exchange-traded fund with a 5% weight.
The payout at maturity will be par plus 1.5 times any basket gain, subject to a maximum return of 18.15%.
Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
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| Issue: | Buffered enhanced return securities with capped upside and buffered downside
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| Underlying basket: | S&P 500 index (60% weight), iShares MSCI EAFE ETF (25% weight), Russell 2000 index (10% weight), and the iShares MSCI Emerging Markets ETF (5% weight)
|
| Amount: | $2,942,000
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| Maturity: | July 26, 2017
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any basket gain, subject to a maximum return of 18.15%; par if the basket declines by 10% or less; 1% loss for every 1% decline beyond 10%
|
| Initial levels: | 1868.99 for S&P 500; $52.92 for iShares MSCI EAFE ETF; 997.342 for Russell 2000; and $28.36 for iShares MSCI Emerging Markets ETF
|
| Pricing date: | Jan. 21
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| Settlement date: | Jan. 26
|
| Agent: | Wells Fargo Securities, LLC
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| Fees: | 0.6%
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| Cusip: | 94986RE49
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