Wells Fargo plans market-linked autocalls on iShares MSCI Brazil ETF

By Susanna Moon

Chicago, June 14 – Wells Fargo & Co. plans to price market-linked securities due June 28, 2021 – autocallable with contingent downside linked to the iShares MSCI Brazil ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus annualized call premium of 15% to 16% if the fund closes at or above its initial level on any observation date after six months.

The payout at maturity will be par unless the fund finishes below its 60% downside threshold, in which case the payout will be par plus the return with full exposure to any losses.

Wells Fargo Securities LLC is the agent.

The notes will price on June 20 and settle on June 27.

The Cusip number is 95001B4P6.

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