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Wells Fargo plans buffered digital notes linked to Russell 2000
By Susanna Moon
Chicago, Oct. 19 – Wells Fargo & Co. plans to price 0% digital securities due in 24 to 27 months with buffered downside linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 85% threshold, the payout at maturity will be the maximum settlement amount of $1,112.80 to $1,132.70 per $1,000 principal amount of notes.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
Wells Fargo Securities, LLC is the agent.
The Cusip number is 94986RZ38.
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