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Wells Fargo to price leveraged buffered notes linked to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., Jan. 16 - Wells Fargo & Co. plans to price 0% equity-linked securities with leveraged upside participation to a cap and buffered downside with multiplier. The notes are linked to the MSCI EAFE index and will have a term of 23 to 26 months, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 130% of any index gain, subject to a maximum return of 21.7% to 23.7% that will be set at pricing.
If the final index level is less than or equal to the initial level but greater than or equal to the threshold level, 82.5% of the initial level, the payout will be par.
If the final index level is less than the threshold level, investors will lose 1.2121% for every 1% that the index declines below the threshold level.
Wells Fargo Securities LLC is the agent.
The notes will price and settle in January.
The Cusip number is 94986RMY4.
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