Wells Fargo plans buffered enhanced return notes linked to MSCI EAFE

By Marisa Wong

Morgantown, W.Va., Oct. 23 – Wells Fargo & Co. plans to price 0% buffered enhanced return securities with capped upside 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 25 to 28 months after issuance.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount that is expected to be $1,282 to $1,331.50 per $1,000 principal amount of notes and will be set at pricing. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.

Wells Fargo Securities LLC is the agent.

The notes will price in October and settle in November.

The Cusip number is 94986RZR5.

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