Published on 5/18/2016 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $855,000 buffered enhanced return securities linked to MSCI EAFE
New York, May 18 – Wells Fargo & Co. priced $855,000 of buffered enhanced return securities with capped upside and buffered downside due Nov. 16, 2017 linked to the MSCI EAFE Index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum payment of par plus 17.145%. Investors will receive par if the index falls by up to 15% and lose 1.1765% for every 1% decline in the index beyond 15%
The agent is Wells Fargo Securities.
Issuer: | Wells Fargo & Co.
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Issue: | Buffered enhanced return securities with capped upside and buffered downside
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Underlying stock: | MSCI EAFE Index
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Amount: | $855,000
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Maturity: | Nov. 16, 2017
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Coupon: | 0%
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Price: | Par of 100
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Payout at maturity: | If index return is positive, par plus 150% of index return, subject to maximum payment of par plus 17.145%; par if index falls by up to 15%; 1.1765% loss for every 1% decline in index beyond 15%
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Initial index level: | 1,654.77
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Pricing date: | May 11
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Settlement date: | May 18
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Agents: | Wells Fargo Securities
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Fees: | 0%
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Cusip: | 94986RM73
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