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Wells Fargo to price principal-protected notes linked to three indexes
By Angela McDaniels
Tacoma, Wash., Sept. 18 - Wells Fargo & Co. plans to 0% price market-linked notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The maturity date will be set at pricing. It will be in either September 2020, September 2021 or September 2022.
The basket includes 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.
If the final basket level is greater than the initial level, the payout at maturity will be par plus the product of (a) the participation rate and (b) the index return. The participation rate will be set at pricing. If the final basket level is less than or equal to the initial level, the payout will be par.
Wells Fargo Securities LLC is the agent.
The notes will price and settle in September.
The Cusip number is 94986RRM5.
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