Published on 7/14/2017 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo sells $2.80 million Leveraged Index Return Notes on S&P 500
By Marisa Wong
Morgantown, W.Va., July 14 – Wells Fargo & Co. priced $2.80 million of 0% Capped Leveraged Index Return Notes due June 26, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 125.7% of any index gain.
Investors will be fully exposed to any index decline.
BofA Merrill Lynch is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,796,610
|
| Maturity: | June 26, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 125.7% of any index gain; full exposure to any index decline
|
| Initial level: | 2,419.70
|
| Pricing date: | June 29
|
| Settlement date: | July 7
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2.25%
|
| Cusip: | 94988U631
|
|
|
© 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.
