Wells Fargo plans notes with contingent fixed return on Russell 2000

By Marisa Wong

Madison, Wis., Dec. 31 - Wells Fargo & Co. plans to price 0% equity-linked securities tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities are expected to mature between 24 and 27 months after the issue date.

If the final index level is greater than or equal to the threshold level, 85% of the initial level, the payout at maturity will be a contingent fixed redemption amount of $1,120 to $1,140 per $1,000 principal amount. Otherwise, investors will lose 1.1765% for every 1% decline from the initial level.

Wells Fargo Securities, LLC is the agent.

The securities will price and settle in January.

The Cusip number is 94986RMR9.

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