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Wells Fargo plans buffered enhanced return notes linked to MSCI EAFE
By Sarah Lizee
Olympia, Wash., June 13 – Wells Fargo Finance LLC plans to price 0% buffered enhanced return securities with capped upside and buffered downside due in 16 to 19 months linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Wells Fargo & Co.
The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum settlement amount of $1,175.95 to $1,206.55 for each $1,000 principal amount.
Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Wells Fargo Securities, LLC is the agent.
The Cusip number is 95001H5R8.
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