Wells Fargo to price market-linked securities tied to iShares MSCI EM

By Toni Weeks

San Luis Obispo, Calif., Feb. 6 - Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation to a cap and buffered downside with multiplier due Feb. 28, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 200% of the gain, subject to a maximum return of 29% to 33% that will be determined at pricing.

Investors will receive par if the fund decreases by up to 15% and will lose about 1.1765% for every 1% drop beyond the 15% buffer.

The notes (Cusip: 94986RSX0) will price Feb. 25 and settle Feb. 28.

Wells Fargo Securities LLC is the agent.

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