Wells Fargo plans market-linked notes with leverage on iShares MSCI EM

By Marisa Wong

Morgantown, W.Va., Feb. 13 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage downside due Feb. 28, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any fund gain, up to a maximum return of 15%.

Investors will receive par if the fund falls by up to 24% to 28% and will be exposed to any losses beyond the buffer, with the exact percentage to be set at pricing.

Wells Fargo Securities, LLC is the agent.

The notes will price on Feb. 23 and settle on Feb. 28.

The Cusip number is 94986R4M0.

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