Wells Fargo plans market-linked autocallables on Financial Select SPDR

By Susanna Moon

Chicago, Jan. 17 – Wells Fargo & Co. plans to price 0% market linked securities – autocallable with fixed percentage buffered downside due Feb. 7, 2020 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at an annual call premium of 6.5% to 7.5% if the fund closes at or above its initial level on any annual call date.

The payout at maturity will be par unless the fund falls by more than 10%, in which case investors will be exposed to any losses beyond the buffer.

Wells Fargo Securities, LLC is the agent.

The notes will price on Jan. 31 and settle on Feb. 7.

The Cusip number is 94986R3U3.

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