| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Wells Fargo Finance LLC > News item |
Wells Fargo plans to price leveraged market-linked notes on S&P
By Sarah Lizee
Olympia, Wash., Oct. 28 – Wells Fargo Finance LLC plans to price 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 3, 2022 linked to the S&P 500 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 200% of any gain in the index, capped at par plus 28%.
If the index falls but not beyond 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index beyond 10%.
Wells Fargo Securities, LLC is the agent.
The notes will price on Oct. 30.
The Cusip number is 95001HBF7.
© 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.