Wells Fargo intends to sell leveraged market-linked notes on Stoxx

By Sarah Lizee

Olympia, Wash., July 11 – Wells Fargo Finance LLC plans to price 0% market-linked securities – leveraged upside participation and fixed percentage buffered downside due Jan. 26, 2022 linked to the Euro Stoxx 50 index, 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 120% of any gain in the index.

If the index falls but not beyond 25%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline beyond the buffer.

Wells Fargo Securities, LLC is the agent.

The notes will price on July 19.

The Cusip number is 95001H6H9.

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