US Wrap: Wells Fargo offers unlimited upside and decelerated downside

Wells Fargo has joined this issuance with an accelerated growth product offering decelerated downside. The bank is seen less often in the US offerings than other players.

It has issued an accelerated growth product linked to the S&P 500. This is a five-year product, which is an unusually long term, and normally only seen with principal-protected notes. It offers 120–125% market participation, with no caps and no downside protection. If the index does fall below its starting level at maturity

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