By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – Wells Fargo Finance LLC priced $4.02 million of market-linked securities—leveraged upside participation to a cap and fixed percentage buffered downside due July 6, 2021 linked to an unequally-weighted basket of indexes, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The basket consists of the Euro Stoxx 50 index with a 60% weight and the S&P 500 index with a 40% weight.
If the basket return is positive, the payout at maturity will be par plus 125% of the basket return, capped at par plus 15%.
If the basket declines by up to 10%, the payout will be par.
If the basket declines by more than 10%, investors will lose 1% for every 1% decline beyond the buffer.
BofA Securities, Inc. 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
|
Basket components: | Euro Stoxx 50 index with a 60% weight and S&P 500 index with a 40% weight
|
Amount: | $4,022,000
|
Maturity: | July 6, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the basket return is positive, par plus 125% of the basket return, capped at par plus 15%; if the basket declines by up to 10%, par; if the basket declines by more than 10%, 1% loss for every 1% decline beyond the buffer
|
Initial levels: | 3,782.27 for Stoxx, 3,240.02 for S&P
|
Pricing date: | Dec. 27
|
Settlement date: | Jan. 6
|
Agent: | BofA Securities, Inc.
|
Fees: | 1.575%
|
Cusip: | 95001HCW9
|
|
© 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.