Wells Fargo plans to price market-linked autocalls tied to the Dow

By Sarah Lizee

Olympia, Wash., Aug. 15 – Wells Fargo Finance LLC plans to price 0% market linked securities – autocallable with fixed percentage buffered downside due Sept. 11, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Wells Fargo & Co.

The notes will be called at par plus a 6% to 7% annualized premium if the index closes at or above its initial level on any annual call observation date.

The payout at maturity will be par unless the index falls by more than 10%, in which case investors will be exposed to any losses beyond 10%.

Wells Fargo Securities, LLC is the agent.

The notes will price on Aug. 30.

The Cusip number is 95001HA43.

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