Wells Fargo plans market-linked trigger autocalls on MSCI Brazil fund

By Susanna Moon

Chicago, July 13 – Wells Fargo & Co. plans to price market-linked securities due Aug. 2, 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 an annualized call premium of 13% to 14% if the fund closes at or above its initial level on any semiannual review 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 July 30 and settle on Aug. 2.

The Cusip number is 95001B5K6.

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