Wells Fargo plans market-linked securities on SPDR S&P 500 ETF

By Jennifer Chiou

New York, Nov. 6 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed buffered downside due June 7, 2019 linked to the SPDR S&P 500 exchange-traded fund trust, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain in the fund, up to a maximum return of $1,450 to $1,500 per $1,000 principal amount.

Investors will receive par if the fund falls by up to 15% and will lose 1% for each 1% beyond 15%.

The notes (Cusip: 94986RVE8) will price on Nov. 26 and settle on Dec. 4.

Wells Fargo Securities LLC is the agent.

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