| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Wells Fargo & Co. > News item |
Wells Fargo to price contingent fixed return notes tied to S&P 500
By Sarah Lizee
Olympia, Wash., April 8 – Wells Fargo Finance LLC plans to price 0% market-linked securities with contingent fixed return and contingent downside due May 8, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be guaranteed by Wells Fargo & Co.
If the index finishes flat or increases, the payout at maturity will be par plus 28% to 32%.
If the index decreases by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Wells Fargo Securities, LLC is the agent.
The notes will price on April 29.
The Cusip number is 95001H4E8.
© 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.