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Wells Fargo plans five-year market-linked notes tied to Euro Stoxx 50
By Susanna Moon
Chicago, Aug. 5 – Wells Fargo & Co. plans to price 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B3 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 40% to 42%.
Investors will receive par if the index falls by up to 40% and will be exposed to any losses beyond 40%.
Wells Fargo Securities, LLC is the agent.
The notes will price on Aug. 26 and settle on Aug. 31.
The Cusip number is 94986RYH8.
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