Wells Fargo plans leveraged buffered market-tied notes on SPDR S&P

By Susanna Moon

Chicago, Jan. 11 – Wells Fargo & Co. plans to price 0% market linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 9, 2021 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 140% of any fund gain, up to a maximum return of 22% to 27%.

Investors will receive par if the fund falls by up to 10% and will be exposed to any losses if the fund finishes below the buffer.

Wells Fargo Securities LLC is the agent.

The notes will price on Jan. 31.

The Cusip number is 95001H2B6.

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