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Wells Fargo to price buffered enhanced return notes on Russell 2000
New York, July 14 – Wells Fargo & Co. plans to price 0% buffered enhanced return securities with capped upside and buffered downside leveraged upside participation and contingent downside due in 24 to 27 months linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index subject to a cap of $1,179.25 to $1,210.75 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Wells Fargo Securities, LLC is the agent.
The Cusip number is 95000E2D0.
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