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Wells Fargo to price access securities linked to S&P 500 index
By Jennifer Chiou
New York, Dec. 4 - Wells Fargo & Co. plans to price access securities with upside participation and buffered downside due Dec. 27, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 100% to 105% of the gain. Investors will receive par if the index declines by 30% or less and will lose 1.4286% for every 1% that it declines beyond 30%.
The notes (Cusip: 94986RSG7) are expected to price on Dec. 23 and settle on Dec. 27.
Wells Fargo Securities, LLC is the agent.
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