Wells Fargo plans buffered enhanced return notes on iShares MSCI EM

By Jennifer Chiou

New York, Nov. 12 – Wells Fargo & Co. plans to price 0% buffered enhanced return securities with capped upside and buffered downside linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 13 to 16 months after issue.

The payout at maturity will be par plus 1.3 times any gain in the fund, up to a maximum settlement amount of $1,174.20 to $1,202.80 per $1,000 principal amount of notes.

Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

The exact deal terms will be set at pricing.

The notes (Cusip: 94986RVF5) will price and settle in November.

Wells Fargo Securities, LLC is the agent.

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