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 buffered enhanced return notes linked to S&P 500
By Marisa Wong
Los Angeles, July 17 – Wells Fargo Finance LLC plans to price 0% buffered enhanced return securities with capped upside and buffered downside due in 21 to 24 months 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.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,181.50 to $1,212.85 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.
Wells Fargo Securities, LLC is the agent.
The Cusip number is 95001H6V8.
© 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.