New Issue: Wells Fargo sells $189,000 buffered enhanced return notes tied to EM ETF

By Sarah Lizee

Olympia, Wash., Sept. 25 – Wells Fargo & Co. priced $189,000 of 0% buffered enhanced return securities with capped upside and buffered downside due March 25, 2020 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF return, subject to a maximum payment of par plus 24.45%.

Investors will receive par if the ETF falls by up to 12.5% and lose 1.1429% for every 1% decline in the ETF beyond 12.5%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Buffered enhanced return securities with capped upside and buffered downside
Underlying ETF:	iShares MSCI Emerging Markets
Amount:	$189,000
Maturity:	March 25, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF return is positive, par plus 150% of the ETF return, capped at par plus 24.45%; par if the ETF falls by up to 12.5%; 1.1429% loss for every 1% decline in the ETF beyond 12.5%
Initial level:	$43.23
Pricing date:	Sept. 21
Settlement date:	Sept. 28
Agents:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	95001B7B4

© 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.