Wells Fargo plans market-linked notes on Russell 2000, Euro Stoxx 50

By Tali Rackner

Norfolk, Va., Aug. 8 – Wells Fargo & Co. plans to price market-linked securities due Aug. 31, 2026 – callable with contingent coupon and contingent downside linked to the least performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of at least 10% if each index closes at or above its coupon threshold level, 75% of its initial level, on the observation date for that quarter.

The notes are callable at par on any quarterly observation date after one year.

The payout at maturity will be par unless either index finishes below its 50% downside threshold level, in which case the payout will be par plus the return of the worse performing index with full exposure to any losses.

Wells Fargo Securities LLC is the agent.

The notes will price on Aug. 26 and settle on Aug. 31.

The Cusip number is 94986RS69.

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