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Wells Fargo plans market-linked securities tied to iShares MSCI EM
By Susanna Moon
Chicago, April 19 – 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 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 total return of 15%.
Investors will receive par if the fund falls by up to 22.5% to 25.5% and will lose 1% for each 1% decline beyond the buffer, with the exact percentage to be set at pricing.
Wells Fargo Securities LLC is the agent.
The notes will price April 25 and settle April 28.
The Cusip number is 94986R5Q0.
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