By Marisa Wong
Morgantown, W.Va., April 5 – Wells Fargo & Co. priced $938,000 of 0% market-linked notes – leveraged upside participation and fixed percentage downside due April 1, 2019 linked to the iShares iBoxx $ High Yield Corporate Bond exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 241% of any fund gain.
Investors will receive par if the fund falls by up to 20% and will be exposed to any losses beyond 20%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked securities – leveraged upside participation and fixed percentage buffered downside
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| Underlying fund: | iShares iBoxx $ High Yield Corporate Bond ETF
|
| Amount: | $938,000
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| Maturity: | April 1, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.41 times any fund gain; par if fund falls by up to 20%; exposure to any losses beyond 20%
|
| Initial price: | $80.98
|
| Threshold price: | $64.784, 80% of initial price
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | None
|
| Cusip: | 94986RH79
|
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