Wells Fargo plans 0.25% principal-protected notes tied to Euro Stoxx

By Angela McDaniels

Tacoma, Wash., Oct. 16 – Wells Fargo & Co. plans to price market-linked notes with participation above an upside threshold with periodic interest and principal return at maturity due Oct. 22, 2024 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The interest rate will be 0.25% per year. Interest will be payable quarterly.

If the final index level is greater than the upside threshold level, the payout at maturity will be par plus 91.7431% to 96.1538% of the index’s gain beyond the upside threshold level. If the final index level is less than or equal to the upside threshold level, the payout will be par.

The upside threshold level is expected to be 104% to 109% of the initial index level. The exact upside threshold level and participation rate will be set at pricing.

Wells Fargo Securities, LLC is the agent.

The notes will price Oct. 17.

The Cusip number is 95000E3U1.

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