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 market-linked notes tied to SPDR S&P 500 ETF trust
By Wendy Van Sickle
Columbus, Ohio, May 9 – Wells Fargo & Co. plans to price market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due June 3, 2019 linked to SPDR S&P 500 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 145% of any fund gain, up to a maximum return of 29% to 34%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Wells Fargo Securities, LLC is the agent.
The notes will price on May 31 and settle on June 3.
The Cusip number is 94986RL74.
© 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.