Wells Fargo to price market-linked notes tied to iShares MSCI EM ETF

By Devika Patel

Knoxville, Tenn., June 10 – Wells Fargo & Co. plans to price 0% market-linked notes due June 28, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424 filing with the Securities and Exchange Commission.

If the fund value increases, the payout at maturity will be par plus 125% of the fund return, with a maximum payout of 48% to 52%, which will be set at pricing.

Investors will receive par if the fund value decreases by up to 15% and will be exposed to all loses beyond the 15% threshold.

Wells Fargo Securities LLC is the agent.

The notes will price on June 24 and settle on June 29.

The Cusip number is 94986RXP1.

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