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Wells Fargo plans market-linked notes on Dow Jones industrial average
By Jennifer Chiou
New York, Jan. 7 – Wells Fargo & Co. plans to price 0% market-linked securities with upside participation and fixed percentage buffered downside due Jan. 30, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 100% to 110% of any index gain.
Investors will receive par for losses of up to 15% and will share in losses beyond 15%.
The notes (Cusip: 94986RVQ1) will price on Jan. 27 and settle on Jan. 30.
Wells Fargo Securities LLC is the agent.
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