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Wells Fargo plans market-linked notes tied to Health Care Select SPDR
By Lisa Mayntz
Chicago, Feb. 9 – Wells Fargo & Co. plans to price market-linked securities with leveraged upside participation and contingent downside due March 7, 2022 linked to the Health Care Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 115% to 125% of any fund gain.
Investors will receive par if the fund falls by up to 20% and will be fully exposed to any losses if the fund finishes below the 80% threshold level.
Wells Fargo Securities, LLC is the agent.
The notes will price on Feb. 28 and settle on March 7.
The Cusip number is 94986R4G3.
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