Wells Fargo plans buffered enhanced return notes on MSCI EAFE index

By Sarah Lizee

Olympia, Wash., Oct. 24 – Wells Fargo & Co. plans to price 0% 16- to 18-month 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 exact maturity will be set at pricing.

If the final index level is greater than the initial index level, the payout at maturity will be par of $1,000 plus 150% of the index return, subject to a maximum settlement amount of $1,172.35 to $1,202.20 per $1,000 of notes. The exact cap will be set at pricing.

Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% decline beyond the 10% buffer.

Wells Fargo Securities LLC is the agent.

The Cusip number is 95001BAK0.

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