Wells Fargo plans contingent market-linked autocallables on indexes

New York, April 13 – Wells Fargo & Co. plans to price market-linked securities due April 28, 2022 – autocallable with contingent coupon and contingent downside 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 9% to 10% if each index closes at or above its 75% threshold on the observation date for that quarter. The exact coupon will be determined at pricing.

Starting in October 2018, the notes will be called at par if each index closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless any index finishes below its 75% threshold, in which case the payout will be par plus the return of the least-performing index with full exposure to any losses.

Wells Fargo Securities LLC is the agent.

The notes are expected to price on April 27 and settle on May 2.

The Cusip number is 95001B2Y9.

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