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Wells Fargo plans seven-year market-linked notes tied to fund basket
By Marisa Wong
Madison, Wis., June 4 - Wells Fargo & Co. plans to price market-linked notes due July 8, 2020 tied to a basket of funds, 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.
The payout at maturity will be par plus 110% to 110% of any basket gain.
If the basket falls, the payout will be par.
Wells Fargo Securities, LLC will be the agent.
The notes will price on June 27 and settle on July 2.
The Cusip number is 94986RQB0.
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