Wells Fargo eyes market-linked notes with leverage on iShares MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, 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 EAFE 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 21% to 25% 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 94986R4N8.

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