Wells Fargo to price leveraged market-linked notes tied to S&P 500

By Sarah Lizee

Olympia, Wash., Nov. 6 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 30, 2020 linked to the S&P 500 index, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 15% to 20%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

The notes will price on Nov. 27.

The Cusip number is 95001BAT1.

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