Wells Fargo to price four-year market-linked autocalls on EM ETF

By Sarah Lizee

Olympia, Wash., April 9 – Wells Fargo Finance LLC plans to price 0% market linked securities – autocallable with fixed percentage buffered downside due May 8, 2023 tied to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Wells Fargo & Co.

The notes will be called at par plus an annual call premium of 7.5% to 8.5% if the ETF closes at or above its initial level on any annual call date.

The payout at maturity will be par unless the ETF finishes below its 90% threshold, in which case investors will be exposed to any losses beyond the buffer.

Wells Fargo Securities, LLC is the agent.

The notes will price on April 30.

The Cusip number is 95001H4D0.

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