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Wells Fargo plans 1.85% access notes linked to basket of indexes, funds
By Susanna Moon
Chicago, Dec. 7 – Wells Fargo & Co. plans to price 1.85% access securities with upside participation and buffered downside with multiplier due June 24, 2019 linked to a basket of equity indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The basket consists of the S&P 500 index with a 70% weight, the iShares MSCI EAFE index fund with a 15% weight, the S&P MidCap 400 index with an 8% weight, the iShares MSCI Emerging Markets index fund with a 4% weight and the Russell 2000 index with a 3% weight.
If the basket averaging return is at or above the 85% trigger level, the payout at maturity will be par.
Otherwise, investors will lose 1.1765% for each 1% beyond 15%.
Wells Fargo Securities, LLC is the agent.
The notes will price on Dec. 18 and settle on Dec. 23.
The Cusip number is 94986RB26.
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