Wells Fargo plans access securities with contingent coupon on Russell

By Susanna Moon

Chicago, March 12 - Wells Fargo & Co. plans to price access securities with contingent coupon and contingent downside due March 22, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the threshold level, 70% of the initial level, on a quarterly observation date, the notes will pay an annualized contingent coupon of 5.8% to 6.2% for that quarter. The exact contingent coupon will be set at pricing.

If the final index level is at least 70% of the initial level, the payout at maturity will be par plus the contingent coupon payment, if any.

Otherwise, investors will be fully exposed to losses.

Wells Fargo Securities, LLC is the agent.

The securities will price on March 15 and settle on March 22.

The Cusip number is 94986RNY3.

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