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Wells Fargo to price leveraged market-linked notes on Stoxx
By Sarah Lizee
Olympia, Wash., Oct. 17 – Wells Fargo Finance LLC plans to price 0% market-linked securities – leveraged upside participation and fixed percentage buffered downside due April 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 117% 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 of the index beyond 25%.
Wells Fargo Securities, LLC is the agent.
The notes will price on Oct. 18.
The Cusip number is 95001HB67.
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