Wells Fargo plans buffered enhanced return notes linked to MSCI EAFE

By Marisa Wong

Madison, Wis., Dec. 5 - Wells Fargo & Co. plans to price 0% buffered enhanced return securities with capped upside and buffered downside linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes is expected to be 23 to 26 months.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 130% of the index return, subject to a maximum return of 19.24% to 21.58% that will be set at pricing. The payout will be par if the index falls by 15% or less. Investors will lose 1.1765% for every 1% decline beyond the 15% buffer.

Wells Fargo Securities LLC is the agent.

The notes will price and settle in December.

The Cusip number is 94986RSH5.

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