Wells Fargo plans market-linked autocallable notes tied to S&P 500

By Susanna Moon

Chicago, March 10 – Wells Fargo & Co. plans to price 0% market-linked autocallable securities with fixed percentage buffered downside due April 5, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at an annual call premium of 6.25% to 8.25% if the index closes at or above its initial level on any of three call dates: April 5, 2017, Oct. 5, 2017 or March 28, 2018. The exact call premium will be set at pricing.

The payout at maturity will be par unless the index falls by more than 10%, in which case investors will be exposed to losses beyond 10%.

Wells Fargo Securities LLC is the agent.

The notes will price on March 31 and settle on April 5.

The Cusip number is 94986RG54.

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