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Wells Fargo plans contingent downside market-linked notes on Stoxx 50
By Susanna Moon
Chicago, April 17 – Wells Fargo & Co. plans to price 0% market linked securities – leveraged upside participation and contingent downside due Nov. 4, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 190% to 200% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index falls below the 70% threshold level.
Wells Fargo Securities, LLC is the agent.
The notes will price on April 27 and settle on May 4.
The Cusip number is 94986R5H0.
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