New Issue: Wells Fargo prices $3.32 million buffered enhanced return notes on S&P

By Wendy Van Sickle

Columbus, Ohio, Dec. 26 – Wells Fargo & Co. priced $3.32 million of 0% buffered enhanced return notes with capped upside and buffered downside due Dec. 22, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,303 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Buffered enhanced return notes with capped upside and buffered downside
Underlying index:	S&P 500 index
Amount:	$3.32 million
Maturity:	Dec. 22, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at par plus 30.3%; par if index falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
Initial level:	2,546.16
Barrier level:	2,291.544, 90% of initial level
Pricing date:	Dec. 18
Settlement date:	Dec. 26
Agent:	Wells Fargo Securities LLC
Fees:	2%
Cusip:	95001BBK9

© 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.