Published on 4/11/2018 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo sells $56.79 million Leveraged Index Return Notes on Stoxx
By Marisa Wong
Morgantown, W.Va., April 11 – Wells Fargo & Co. priced $56.79 million of 0% Leveraged Index Return Notes due March 26, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 149.05% of any index gain.
Investors will receive par if the index falls by up to 25% and will lose 1% for every 1% decline beyond 25%.
BofA Merrill Lynch is the agent.
Issuer: | Wells Fargo & Co.
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Issue: | Leveraged Index Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $56,793,870
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Maturity: | March 26, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 149.05% of any index gain; par if index falls by up to 25%; 1% loss for every 1% decline beyond 25%
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Initial index level: | 3,331.25
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Threshold value: | 2,498.44
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Pricing date: | March 28
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Settlement date: | April 5
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Underwriters: | BofA Merrill Lynch
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Fees: | 2.25%
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Cusip: | 94988U540
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