Wells Fargo plans two-year market-linked notes on SPDR S&P 500 ETF

By Wendy Van Sickle

Columbus, Ohio, Nov. 8 – Wells Fargo & Co. plans to price 0% market-linked securities due June 7, 2019 with leveraged upside participation to a cap and fixed percentage buffered downside linked to the SPDR S&P 500 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 140% of any fund gain, up to a maximum return of 22% to 25%.

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 Nov. 30 and settle on Dec. 7.

The Cusip number is 94986R2B6.

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