Wells Fargo to price market-linked notes on iShares Russell Midcap ETF

By Emma Trincal

New York, Nov. 15 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Dec. 2, 2020 linked to the iShares Russell Midcap exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of the ETF return capped at par plus 20%.

Investors will receive par if the ETF falls by up to the buffer amount and will lose 1% for every 1% that the ETF declines beyond the buffer. The buffer amount will be at least 13% and will be set at pricing.

Wells Fargo Securities, LLC is the agent.

The notes (Cusip: 95001BB29) will price on Nov. 27 and settle on Nov. 30.

© 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.