Wells Fargo eyes digital securities with buffered downside on MSCI EAFE

By Sarah Lizee

Olympia, Wash., Oct. 11 – Wells Fargo & Co. plans to price 20- to 23-month 0% digital securities with buffered downside linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The exact maturity will be set at pricing.

If the index does not finish below the threshold level, 87.5% of the initial level, the payout at maturity will be the maximum settlement amount, which is expected to fall between $1,115.60 to $1,135.60 per $1,000 of notes and will be set at pricing. Otherwise, investors will lose 1.1429% for every 1% that the index declines beyond the 12.5% buffer.

Wells Fargo Securities LLC is the agent.

The Cusip is 95001BAD6.

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