New Issue: Wells Fargo prices $7.38 million of market-linked notes with cap on EM ETF

By Wendy Van Sickle

Columbus, Ohio, Aug. 3 – Wells Fargo & Co. priced $7.38 million of 0% market-linked notes with leveraged upside participation to a cap and fixed-percentage buffered downside due Aug. 7, 2023 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any ETF gain, up to a maximum payout of par plus 57%.

Investors will receive par if the ETF falls by up to 20% and will be exposed to losses beyond 20%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked notes with leveraged upside participation to a cap and fixed-percentage buffered downside
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$7,376,000
Maturity:	Aug. 7, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any ETF gain, with payout capped at par plus 57%; par if ETF falls by up to 20%; exposure to losses beyond 20%
Initial level:	$44.86
Threshold price:	$35.888, 80% of initial price
Pricing date:	July 31
Settlement date:	Aug. 7
Agents:	Wells Fargo Securities, LLC
Fees:	2.62%
Cusip:	95001B4W1

© 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.