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Wells Fargo plans protected market-linked notes tied to index basket
By Susanna Moon
Chicago, Dec. 19 - Wells Fargo & Co. plans to price market-linked notes tied to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature in December 2020, December 2021 or July 2023, with the exact maturity to be set at pricing.
The basket consists of the S&P 500 index with a 55% weight, the MSCI EAFE index with a 30% weight and the Russell 2000 index with a 15% weight.
The payout at maturity will be par plus any basket gain, with the exact participation rate to be set at pricing.
If the basket falls, the payout will be par.
Wells Fargo Securities, LLC will be the agent.
The notes will price and settle in December.
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