Wells Fargo plans market-linked notes on Dow Jones industrial average

By Tali Rackner

Norfolk, Va., July 7 – Wells Fargo & Co. plans to price 0% market-linked securities with upside participation and fixed percentage buffered downside due July 31, 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. The exact participation rate will be set at pricing.

Investors will receive par for losses of up to 15% and will share in losses beyond 15%.

Wells Fargo Securities LLC is the agent.

The notes will price on July 28 and settle on July 31.

The Cusip number is 94986RXW6.

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