Wells Fargo plans buffered enhanced return notes on iShares MSCI EM

By Marisa Wong

Morgantown, W.Va., Jan. 9 – Wells Fargo & Co. plans to price 0% 19- to 22-month buffered enhanced return securities with capped upside and buffered downside linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The exact maturity will be set at pricing.

If the fund return is positive, the payout at maturity will be par plus 1.6 times the fund gain, subject to a maximum settlement amount of $1,243.84 to $1,286.72 per $1,000 of notes. The exact cap will be set at pricing.

Investors will receive par if the fund declines by 10% or less and will lose 1.1111% for every 1% decline beyond 10%.

Wells Fargo Securities LLC is the agent.

The Cusip is 94986R3J8.

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