Wells Fargo plans market-linked autocallables tied to Russell, Stoxx

By Susanna Moon

Chicago, July 5 – Wells Fargo & Co. plans to price market-linked securities due July 31, 2026 – autocallable with contingent coupon and contingent downside linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of at least 9% if each index closes at or above its coupon threshold level, 70% of its initial level, on the observation date for that quarter.

The notes will be called at par if each index closes above its initial on any quarterly observation date after one year.

The payout at maturity will be par unless either index finishes below its 50% downside threshold level, in which case the payout will be par plus the return of the worse performing index with full exposure to any losses.

Wells Fargo Securities LLC is the agent.

The notes will price on July 26 and settle on July 29.

The Cusip number is 94986RQ87.

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