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Wells Fargo plans protected market-linked notes tied to fund basket
By Susanna Moon
Chicago, Sept. 12 - Wells Fargo & Co. plans to price market-linked notes due October 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR S&P 500 ETF Trust with a 65% weight, the iShares MSCI EAFE index fund with a 25% weight and the iShares MSCI Emerging Markets index fund with a 10% weight.
If the averaging ending price of the basket is more than the initial level, the payout at maturity will be par plus 100% to 110% of any gain. The exact participation rate will be set at pricing.
If the basket falls, the payout will be par.
Wells Fargo Securities, LLC is the agent.
The notes will price in September and settle in October.
The Cusip number is 94986RLM1.
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