Wells Fargo plans 10% contingent market-linked callables on indexes

By Susanna Moon

Chicago, Dec. 26 – Wells Fargo & Co. plans to price market-linked securities due Dec. 30, 2027 – callable with contingent coupon and contingent downside linked to the lesser performing of the S&P 500 index, 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 75% threshold 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 any index finishes below its 60% threshold, in which case the payout will be par plus the return of the worst performing index with full exposure to any losses.

Wells Fargo Securities LLC is the agent.

The notes will price on Dec. 27 and settle on Dec. 29.

The Cusip number is 95000E4R7.

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