Wells Fargo plans market-linked autocallables on VanEck Vectors Gold

By Susanna Moon

Chicago, Sept. 27 – Wells Fargo & Co. plans to price market-linked securities due Oct. 3, 2019 – autocallable with contingent coupon and contingent downside linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9% to 10% if the fund closes at or above its 75% threshold on the observation date for that quarter.

The notes will be called at par if the fund closes at or above its initial level on any quarterly call date from March 2018 through June 2019.

The payout at maturity will be par unless the fund finishes below its 75% threshold, in which case investors will lose 1% for each 1% decline.

Wells Fargo Securities LLC is the agent.

The notes will price on Sept. 28 and settle on Oct. 3.

The Cusip number is 95000E3D9.

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