Wells Fargo plans market-linked autocalls tied to Energy Select SPDR

By Susanna Moon

Chicago, June 11 – Wells Fargo & Co. plans to price market-linked securities due July 6, 2021 – autocallable with fixed percentage buffered downside linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 7.5% to 8.5% if the fund closes at or above its initial level on any annual review date.

The payout at maturity will be par unless the fund falls by more than 10%, in which case the payout will be par plus the return of the worst performing index with exposure to any losses beyond 10%.

Wells Fargo Securities LLC is the agent.

The notes will price on June 29 and settle on July 5.

The Cusip number is 95001B4C5.

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