By Wendy Van Sickle
Columbus, Ohio, June 27 – Wells Fargo & Co. priced $16.16 million of 0% market-linked securities with leveraged upside participation and fixed-percentage buffered downside due June 26, 2020 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR S&P 500 ETF trust with a 50% weight, iShares Russell 2000 ETF with a 25% weight and the iShares MSCI EAFE ETF with a 25% weight
The payout at maturity will be par plus 116% of any basket gain.
Investors will receive par if the basket 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 with leveraged upside participation and fixed-percentage buffered downside
|
| Underlying basket: | SPDR S&P 500 ETF trust with a 50% weight, iShares Russell 2000 ETF with a 25% weight and iShares MSCI EAFE ETF with a 25% weight
|
| Amount: | $16.16 million
|
| Maturity: | June 26, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 116% of any basket gain; par if the basket falls by up to 10%; 1% loss for each 1% decline beyond 10%
|
| Initial prices: | $243.13 for SPDR S&P, $140.91 for iShares Russell, $65.14 for iShares EAFE
|
| Pricing date: | June 23
|
| Settlement date: | June 28
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 0.65%
|
| Cusip: | 94986R6T3
|
|
|
© 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.
