US Wrap: Wells Fargo links accelerated growth to ETF
For the first time in 2010, an accelerated growth product has been linked to the Market Vectors Gold Miners exchange-traded fund (ETF), which is typically an underlying for reverse convertible structures.
The investment has been structured by Wells Fargo using the external credit of Eksportfinans. Like Goldman Sachs's recent launches, it incorporates accelerated downside losses (of 111.11%) should the index breach a buffer of 10%. Upside participation is 150%, with a cap on returns of 40% at the
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