New Issue: Wells Fargo sells $18.68 million Capped Leveraged Index Return Notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Oct. 2 – Wells Fargo & Co. priced $18.68 million 0% Capped Leveraged Index Return Notes due Sept. 25, 2020 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 16.75%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Russell 2000
Amount:	$18,680,250
Maturity:	Sept. 25, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any index gain, up to a maximum return of 16.75%; par if the index falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial level:	1,690.526
Threshold value:	1,521.473, 90% of initial level
Final level:	Average of closing levels on five trading dates ending Sept. 22, 2020
Pricing date:	Sept. 27
Settlement date:	Oct. 4
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	94988U466

© 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.