Wells Fargo plans buffered enhanced return notes linked to MSCI EAFE

By Marisa Wong

Madison, Wis., Feb. 26 - Wells Fargo & Co. plans to price 0% buffered enhanced return securities with upside participation to a cap and buffered downside with multiplier linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes is expected to be 24 to 27 months.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 20% to 23.2% that will be set at pricing. Investors will receive par if the index declines by 15% or less and will lose 1.17647% for every 1% that it declines beyond 15%.

Wells Fargo Securities LLC is the agent.

The notes will price in February and settle in March.

The Cusip number is 94986RNQ0.

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