Wells plans 5%-5.4% autocallable access securities on iShares MSCI EM

By Marisa Wong

Madison, Wis., March 10 - Wells Fargo & Co. plans to price 5% to 5.4% autocallable access securities with fixed coupon and contingent downside due March 31, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly. The exact rate will be set at pricing.

The notes will be automatically called at par plus accrued interest if the fund closes at or above the initial share price on any of seven quarterly call dates.

If the notes are not called and the final share price is at least 70% of the initial price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the share price declines beyond 30%.

Wells Fargo Securities, LLC is the agent.

The notes will price on March 27 and settle on March 31.

The Cusip number is 94986RTG6.

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