Wells plans contingent coupon market-linked securities tied to Russell

By Wendy Van Sickle

Columbus, Ohio, Oct. 12 – Wells Fargo & Co. plans to price market-linked securities, autocallable with contingent coupon and contingent downside due Oct. 27, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a continent quarterly coupon at an annual rate of 9.75% if the index closes at or above the 72% to 77% threshold level on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the index closes at or above the initial level on any quarterly observation date after one year.

The payout at maturity will be par unless the index finishes below the threshold level, in which case investors will be fully exposed to any losses.

Wells Fargo Securities, LLC is the agent.

The notes will price on Oct. 21.

The Cusip number is 94986RY62.

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