By Sarah Lizee
Olympia, Wash., Jan. 30 – Wells Fargo Finance LLC priced $5 million of 0% market-linked securities with leveraged upside participation to a cap and contingent downside due Jan. 27, 2023 linked to an equally-weighted index and ETF basket, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The basket consists of the S&P 500 index, the MSCI EAFE index and the iShares MSCI Emerging Markets ETF.
The payout at maturity will be par plus 200% of any basket gain, subject to a 30% maximum gain.
Investors will receive par if the basket falls by up to 20% and will otherwise lose 1% for every 1% decline.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo Finance LLC
|
Guarantor: | Wells Fargo & Co.
|
Issue: | Market-linked securities with leveraged upside participation to a cap contingent downside
|
Underlying basket: | S&P 500 index, MSCI EAFE index and iShares MSCI Emerging Markets ETF; equal weights
|
Amount: | $5 million
|
Maturity: | Jan. 27, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any basket gain, subject to 30% maximum gain; par if the basket falls by up to 20%; otherwise 1% loss for every 1% decline
|
Initial levels: | 3,295.47 for S&P, 2,044.92 for EAFE, $44.60 for ETF
|
Barrier level: | 80% of initial basket level
|
Pricing date: | Jan. 24
|
Settlement date: | Jan. 29
|
Agent: | Wells Fargo Securities, LLC
|
Fees: | 2.75%
|
Cusip: | 95001HE80
|
|
© 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.