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Wells Fargo to price Capped Leveraged Index Return Notes on Russell
By Sarah Lizee
Olympia, Wash., May 9 – Wells Fargo Finance LLC plans to price 0% Capped Leveraged Index Return Notes due May 2021 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be guaranteed by Wells Fargo & Co.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 14% o 18%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
BofA Merrill Lynch is the agent.
The notes will price in May.
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