Published on 2/12/2020 in the Prospect News Structured Products Daily.
New Issue: Wells Fargo sells $6.43 million digital securities with buffered downside on Stoxx
By Wendy Van Sickle
Columbus, Ohio, Feb. 12 – Wells Fargo Finance LLC priced $6.43 million of 0% digital securities with buffered downside due Dec. 15, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 12.5%, the payout at maturity will be $1,123 per $1,000 principal amount of notes. If the index return is less than negative 12.5%, investors will lose 1.1429% for every 1% that the index declines beyond 12.5%.
The notes are guaranteed by Wells Fargo & Co.
Wells Fargo Securities LLC is the agent.
Issuer: | Wells Fargo Finance LLC
|
Guarantor: | Wells Fargo & Co.
|
Issue: | Digital securities with buffered downside
|
Underlying index: | Euro Stoxx 50
|
Amount: | $6.43 million
|
Maturity: | Dec. 15, 2021
|
Price: | Par
|
Payout at maturity: | If index return is greater than or equal to negative 12.5%, $1,123 per $1,000 principal amount; if index return is less than negative 12.5%, 1.1429% loss for every 1% that index declines beyond 12.5%
|
Initial level: | 3,805.52
|
Threshold level: | 3,329.83, 87.5% of initial level
|
Pricing date: | Feb. 6
|
Settlement date: | Feb. 13
|
Agent: | Wells Fargo Securities, LLC
|
Fees: | None
|
Cusip: | 95001HEV9
|
|
© 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.