| 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 plans upside participation notes due 2022 tied to S&P
By Sarah Lizee
Olympia, Wash., June 12 – Wells Fargo Finance LLC plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due June 23, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Wells Fargo & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, capped at par plus 25.5%.
If the index declines by up to 20% the payout will be par.
Otherwise, investors will be exposed to any index decline beyond 20%.
Wells Fargo Securities LLC is the agent.
The notes will price June 19.
The Cusip number is 95001H5Z0.
© 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.