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Wells Fargo plans capped enhanced return notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 13 – Wells Fargo & Co. plans to price enhanced return securities with capped upside and 1-to-1 downside exposure linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 27 to 30 months after pricing.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payment of $1,297.60 to $1,349.80 per $1,000 principal amount. Investors will be fully exposed to any index decline.
The agent is Wells Fargo Securities, LLC.
The Cusip number is 94986R4L2.
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