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Published on 2/9/2017 in the Prospect News Structured Products Daily.

Wells Fargo plans five-year market-linked autocallables tied to Stoxx 50

By Susanna Moon

Chicago, Feb. 9 – Wells Fargo & Co. plans to price market-linked securities due March 7, 2019 – autocallable with fixed percentage buffered downside linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 7.25% to 8.25% if the index closes at or above its initial level on any of three observation dates.

The payout at maturity will be par unless the index falls by more than 10%, in which case investors will be exposed to any losses beyond 105.

Wells Fargo Securities LLC is the agent.

The notes will price on Feb. 28 and settle on March 7.

The Cusip number is 94986R4D0.


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