Published on 1/27/2017 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo prices $940,000 buffered enhanced return notes linked to MSCI EAFE
By Susanna Moon
Chicago, Jan. 27 – Wells Fargo & Co. priced $940,000 of buffered enhanced return securities with capped upside and buffered downside due Nov. 9, 2018 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,240.00 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.
The agent is Wells Fargo Securities, LLC.
Issuer: | Wells Fargo & Co.
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Issue: | Buffered enhanced return securities with capped upside and buffered downside
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Underlying index: | MSCI EAFE
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Amount: | $940,000
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Maturity: | Nov. 9, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 24%; par if index falls by up to 12.5%; 1.1429% loss per 1% drop beyond 12.5%
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Initial index level: | 1,741.71
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Barrier level: | 1,523.99625, 87.5% of initial level
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Pricing date: | Jan. 25
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Settlement date: | Feb. 1
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Agent: | Wells Fargo Securities, LLC
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Fees: | None
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Cusip: | 94986R3W9
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