Wells Fargo to price leveraged buffered notes linked to iShares EM

By Toni Weeks

San Diego, Dec. 19 - Wells Fargo & Co. plans to price 0% securities with leveraged upside participation to a cap and buffered downside with multiplier linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 12 to 15 months after issue.

If the fund return is positive, the payout at maturity will be par plus 1.7 times the fund return, subject to the maximum settlement amount of $1,121 to $1,141 per $1,000 principal amount.

Investors will receive par if the fund declines by up to 12.5% and will lose 1.1429% for every 1% decline beyond the 12.5% buffer.

The notes (Cusip: 94986RMQ1) are expected to price and settle in December.

Wells Fargo Securities, LLC will be the agent.

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