Wells Fargo plans buffered enhanced notes linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., Oct. 19 – Wells Fargo & Co. plans to price 0% buffered enhanced return securities with capped upside and buffered downside linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 25 to 28 months after issuance.

If the ETF’s final share price is greater than the initial share price, the payout at maturity will be par plus 150% of the ETF return, subject to a maximum settlement amount that is expected to be $1,292.50 to $1,343.50 per $1,000 principal amount of notes and will be set at pricing. Investors will receive par if the ETF declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.

Wells Fargo Securities LLC is the agent.

The notes will price and settle in October.

The Cusip number is 94986RZP9.

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