Wells Fargo plans market-linked leveraged notes on iShares MSCI EAFE

By Susanna Moon

Chicago, July 13 – Wells Fargo & Co. plans to price 0% market-linked securities – leveraged upside participation and contingent downside due Aug. 4, 2022 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 135% to 145% of any fund gain, with the exact participation level to be set at pricing.

Investors will receive par if the fund falls by up to 30% and will be fully exposed to any losses if the fund falls by more than the contingent downside.

Wells Fargo Securities, LLC is the agent.

The notes will price on July 28 and settle on Aug. 4.

The Cusip number is 94986R7F2.

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