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Wells Fargo to price buffered digital securities linked to MSCI EAFE
By Devika Patel
Knoxville, Tenn., Jan. 10 – Wells Fargo & Co. plans to price 21- to 24-month 0% digital securities with buffered downside linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
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 $1,135.00 and $1,158.40 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.
The exact terms will be set at pricing.
Wells Fargo Securities LLC is the agent.
The Cusip number is 95001BC44.
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