Wells Fargo plans capped buffered enhanced return notes on MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, Jan. 21 – Wells Fargo & Co. plans to price 18- to 21-month buffered enhanced return securities with capped upside linked to the MSCI EAFE index, according to a 424B2 filed with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $1,000 plus 1.4 times the index return, subject to a maximum settlement amount of $1,186.20 to $1,218.40 per $1,000 of notes. The exact cap will be set at pricing.

Investors will receive par if the index 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 (Cusip: 94986RD73) will price and settle in January.

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