By Wendy Van Sickle
Columbus, Ohio, June 6 – Wells Fargo & Co. priced $2.87 million 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 31%.
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.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked securities – leveraged upside participation and fixed percentage buffered downside
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| Underlying fund: | SPDR S&P 500 ETF trust
|
| Amount: | $2,869,000
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| Maturity: | June 3, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.45 times any fund gain up to 31% maximum return; par if fund falls by up to 10%; exposure to any losses beyond 10%
|
| Initial price: | $210.08
|
| Threshold price: | $189.072, 90% of initial price
|
| Pricing date: | May 31
|
| Settlement date: | June 3
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 1.325% Cusip: | 94986RL74
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