Wells Fargo plans leveraged buffered notes tied to iShares MSCI EAFE

By Devika Patel

Knoxville, Tenn., April 17 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due April 30, 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 double any fund gain, subject to a cap that is expected to fall between $1,210 and $1,240 per $1,000 of notes and will be set at pricing.

Investors will receive par if the fund falls by up to the 10% buffer and will lose 1% for each 1% decline from the 90% buffer level if the fund finishes below the buffer.

Wells Fargo Securities LLC is the agent.

The notes (Cusip: 94986R5S6) will price April 25 and settle April 28.

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