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Wells Fargo plans market-linked notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, July 7 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 7, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 175% of any index gain, up to a maximum return of 40% to 45%. The exact cap will be set at pricing.
Investors will receive par for losses of up to 20% and will share in losses beyond 20%.
Wells Fargo Securities LLC is the agent.
The notes will price on July 31 and settle on Aug. 7.
The Cusip number is 94986RXT3.
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