Wells Fargo plans to price digital buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., March 29 – Wells Fargo & Co. plans to price 24- to 27-month 0% digital securities with buffered downside linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout at maturity will be the maximum settlement amount, which is expected to be $1,098 to $1,115 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

The exact terms will be set at pricing.

Wells Fargo Securities LLC is the agent.

The notes will price in March and settle in April

The Cusip number is 94986RJ36.

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