By Wendy Van Sickle
Columbus, Ohio, Oct. 8 – Wells Fargo Finance LLC priced $5.82 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 30, 2021 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The payout at maturity will be par plus 1.5 times any gain in the index up to a maximum of par plus 20%.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the index beyond 20%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo Finance LLC
|
Guarantor: | Wells Fargo & Co.
|
Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
Underlying index: | MSCI EAFE
|
Amount: | $5,818,000
|
Maturity: | Sept. 30, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.46 times any gain in the index, up to a maximum of par plus 20%; if the index falls by up to 20%, par; otherwise, 1% loss for every 1% decline of index beyond buffer
|
Initial level: | 1,895.62
|
Buffer price: | 1,516.496, 80% of initial level
|
Pricing date: | Sept. 26
|
Settlement date: | Sept. 30
|
Agent: | Wells Fargo Securities LLC
|
Fees: | 0%
|
Cusip: | 95001HAT8
|
|
© 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.