Published on 3/6/2017 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo sells $567,000 market-linked autocallables on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., March 6 – Wells Fargo & Co. priced $567,000 of 0% market linked securities – autocallable with fixed percentage buffered downside due March 7, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 7.25% if the index closes at or above its initial level on any of three semiannual observation dates beginning March 7, 2018.
The payout at maturity will be par unless the index falls by more than 10%, in which case investors will be exposed to any losses beyond 10%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo & Co.
|
Issue: | Market linked securities – autocallable with fixed percentage buffered downside
|
Underlying index: | Euro Stoxx 50
|
Amount: | $567,000
|
Maturity: | March 7, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par unless the index falls by more than 10%, in which case exposure to any losses beyond 10%
|
Call: | At par plus an annual call premium of 7.25% if the index closes at or above its initial level on any of three semiannual observation dates beginning March 7, 2018
|
Initial index level: | 3,319.61
|
Threshold level: | 2,987.649, 90% of initial level
|
Pricing date: | Feb. 28
|
Settlement date: | March 7
|
Agent: | Wells Fargo Securities LLC
|
Fees: | 1.575%
|
Cusip: | 94986R4D0
|
|
© 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.