Wells Fargo plans callable market-linked notes tied to three indexes

By Sarah Lizee

Olympia, Wash., March 13 – Wells Fargo Finance LLC plans to price market-linked securities due March 23, 2029 – callable with contingent coupon and contingent downside linked to the lesser performing of the Euro Stoxx 50 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Wells Fargo & Co.

The notes will pay a contingent quarterly coupon at an annual rate if each index closes at or above its 75% coupon threshold on a quarterly observation date. The coupon rate will be at least 9% per year.

The notes will be callable at par on any quarterly observation date after one year.

The payout at maturity will be par unless either index finishes below its 60% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.

Wells Fargo Securities LLC is the agent.

The notes will price on March 20.

The Cusip number is 95001H3V1.

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