Published on 1/24/2019 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo sells $250,000 contingent fixed return notes indexes, ETFs
By Sarah Lizee
Olympia, Wash., Jan. 24 – Wells Fargo & Co. priced $250,000 of 0% market-linked securities with contingent fixed return and fixed percentage buffered downside due Jan. 27, 2021 linked to the lowest performing of the Russell 2000 index, the S&P 500 index, the Euro Stoxx 50 index, the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF, according to a 424B2 filed with the Securities and Exchange Commission.
If the final level of the lowest performing asset is greater than or equal to the threshold level, 80% of the initial level, the payout at maturity will be par plus 19%.
If the final level of the lowest performing asset is less than the threshold level, investors will lose 1% for each 1% decline of the lowest performing asset beyond 20%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked securities with contingent fixed return and fixed percentage buffered downside
|
| Underlying assets: | Russell 2000 index, the S&P 500 index, the Euro Stoxx 50 index, the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF
|
| Amount: | $250,000
|
| Maturity: | Jan. 27, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of lowest performing asset is greater than or equal to the threshold level, 80% of the initial level, par plus 19%; otherwise, 1% loss for each 1% decline of lowest performing asset beyond 20%
|
| Initial levels: | 1,482.501 for Russell, 2,670.71 for S&P, 3,134.92 for Stoxx, $62.08 for EAFE, $41.55 for EM
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 25
|
| Agents: | Wells Fargo Securities, LLC
|
| Fees: | 0.4%
|
| Cusip: | 95001BCE2
|
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