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Wells Fargo plans buffered enhanced return notes linked to S&P 500
By Marisa Wong
Los Angeles, July 17 – Wells Fargo Finance LLC plans to price 0% buffered enhanced return securities with capped upside and buffered downside due in 21 to 24 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Wells Fargo & Co.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,181.50 to $1,212.85 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.
Wells Fargo Securities, LLC is the agent.
The Cusip number is 95001H6V8.
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