Wells Fargo plans buffered enhanced return notes linked to MSCI EAFE

By Toni Weeks

San Luis Obispo, Calif., Nov. 25 – Wells Fargo & Co. plans to price 0% buffered enhanced return securities with upside participation to a cap and buffered downside linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 14 to 17 months after issuance.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 130% of the index return, subject to a maximum settlement amount of $1,131.30 to $1,153.40 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

The notes (Cusip: 94986RVH1) are expected to price in November and settle in December.

Wells Fargo Securities LLC is the agent.

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