Wells Fargo plans to price market-linked securities linked to S&P 500

By Devika Patel

Knoxville, Tenn., Dec. 10 – Wells Fargo & Co. plans to price 0% market-linked securities with upside participation to a cap and partial principal return at maturity due Jan. 3, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, subject to a cap that is expected to fall between $1,270 and $1,320 per $1,000 of notes and will be set at pricing.

Investors will lose 1% for every 1% decline, with a minimum payout of $950 per $1,000 of notes.

Wells Fargo Securities, LLC is the agent.

The notes (Cusip: 95001BBB9) will price Dec. 28 and settle Jan. 3.

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