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Wells Fargo plans two-year market-linked notes tied to MSCI EAFE fund
By Susanna Moon
Chicago, Oct. 14 – Wells Fargo & Co. plans to price 0% market-linked securities due Oct. 31, 2018 with leveraged upside participation to a cap and fixed percentage buffered downside linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any fund gain, up to a maximum return of 21.5% to 25.5%.
Investors will receive par if the fund falls by up to the 10% buffer and will lose 1% for each 1% decline beyond the buffer.
Wells Fargo Securities LLC is the agent.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 94986RY96.
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