Wells Fargo plans notes with leverage, 80% trigger linked to MSCI EAFE

By Susanna Moon

Chicago, Dec. 18 - Wells Fargo & Co. plans to price 0% equity-linked securities with leveraged upside participation to a cap and buffered downside with a multiplier linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature between 23 and 26 months after issue.

The payout at maturity will be par plus 130% of any index gain, up to a maximum return of $1,252 to $1,272 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.

Wells Fargo Securities LLC is the agent.

The notes will price and settle in December.

The Cusip number is 94986RMP3.

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