US Wrap: Latest issuance is small but varied

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Wells Fargo product offers exposure to global ETFs

After a series of larger offerings recently, the latest issuance consists of only three products, but even within that there is variety in the issuers and the product types.

Wells Fargo has issued a basket product that is a three-year investment linked to four exchange-traded funds (ETF). The Enhanced Growth Securities Notes Linked to a Global ETF Basket offers 150% participation in the underlyings, which is a lower participation rate than the usual 200% rate offered in the US, but the cap is

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