Published on 9/2/2016 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $3.45 million leveraged buffered notes linked to Euro Stoxx 500
By Angela McDaniels
Tacoma, Wash., Sept. 2 – Wells Fargo & Co. priced $3.45 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 8, 2021 linked to the Euro Stoxx 50 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 200% of the gain, subject to a maximum return of 58%. Investors will receive par if the index decreases by up to 20% and will lose 1% for every 1% that the index may decline beyond 20%.
Wells Fargo Securities LLC is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying index: | Euro Stoxx 50
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Amount: | $3,448,000
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Maturity: | Sept. 8, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, up to 58% maximum return; par if index declines by 20% or less; 1% loss for every 1% that index may decline beyond 20%
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Initial index level: | 3,023.13
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Threshold level: | 2,418.504, 80% of initial level
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Pricing date: | Aug. 31
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Settlement date: | Sept. 8
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Agent: | Wells Fargo Securities LLC
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Fees: | 2.62%
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Cusip: | 94986RT35
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