Wells Fargo to price market-linked securities tied to three indexes

By Marisa Wong

Morgantown, W.Va., Aug. 3 – Wells Fargo & Co. plans to price market linked securities – autocallable with contingent coupon and contingent downside due Aug. 9, 2027 linked to the least performing of the S&P 500 index, 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 7% if each index closes at or above the 60% threshold on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly review date after one year.

The payout at maturity will be par unless any index falls below the 60% threshold, in which case investors will be fully exposed to any decline of the worst performing index.

Wells Fargo Securities LLC is the agent.

The notes will price on Aug. 4.

The Cusip number is 95000E2K4.

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