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Wells Fargo plans Accelerated Return Notes due 2020 on EM index
By Sarah Lizee
Olympia, Wash., May 28 – Wells Fargo Finance LLC plans to price 0% Accelerated Return Notes due July 2020 tied to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a capped return of 17% to 21%.
Investors will be exposed to any losses.
The notes are guaranteed by Wells Fargo & Co.
BofA Merrill Lynch is the agent.
The notes will price in May and settle in June.
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