Wells Fargo eyes market-linked noes with upside participation on Dow

By Sarah Lizee

Olympia, Wash., Nov. 22 – Wells Fargo Finance LLC plans to price 0% market-linked securities – upside participation and fixed percentage buffered downside due Nov. 29, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Wells Fargo & Co.

The payout at maturity will be par plus any gain in the index.

If the index finishes flat or falls by up to 28%, the payout will be par.

If the index falls by more than 28%, investors will lose 1% for every 1% decline beyond the buffer.

Wells Fargo Securities, LLC is the agent.

The notes will price on Nov. 25.

The Cusip number is 95001HCC3.

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