Wells Fargo plans five-year market-linked notes tied to Euro Stoxx 50

By Susanna Moon

Chicago, Aug. 11 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 110% of any index gain, up to a maximum return of 64% to 70%.

Investors will receive par if the index falls by up to 25% and will be exposed to any losses beyond 25%.

Wells Fargo Securities, LLC is the agent.

The notes will price on Aug. 26 and settle on Aug. 31.

The Cusip number is 94986RYL9.

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