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Wells Fargo plans four-year market-linked notes tied to Euro Stoxx 50
New York, Sept. 1 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 7, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 175% of any index gain, up to a maximum return of 40% to 45%.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.
The exact terms will be set at pricing.
Wells Fargo Securities, LLC is the agent.
The notes will price on Sept. 30 and settle on Oct. 5.
The Cusip number is 94986RYQ8.
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