Wells Fargo plans 10-year market-linked notes tied to Russell, Stoxx

By Tali Rackner

Norfolk, Va., Nov. 9 – Wells Fargo & Co. plans to price market-linked securities due Nov. 30, 2026 – callable with contingent coupon and contingent downside linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 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 9% if each index closes at or above its 70% coupon threshold level on any quarterly observation date.

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 Nov. 28 and settle on Nov. 30.

The Cusip number is 94986RZ87.

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