Wells Fargo plans leveraged market-linked notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Dec. 20 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation and contingent downside due Dec. 31, 2021 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 137% of any gain of the lesser performing index.

Investors will receive par if the lesser performing index falls by up to 30%.

If the lesser performing index falls by more than 30%, investors will be fully exposed to the decline of the lesser performing index.

Wells Fargo Securities, LLC is the agent.

The notes will price on Dec. 28.

The Cusip number is 95001BB94.

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