Wells Fargo plans market-linked securities on iShares Russell 2000

By Jennifer Chiou

New York, March 3 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed buffered downside due April 5, 2019 linked to the iShares Russell 2000 exchange-traded fund, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain in the fund, capped at 42% to 47%.

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

The notes (Cusip: 94986RWE7) will price on March 31 and settle on April 6.

Wells Fargo Securities LLC is the agent.

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