Wells Fargo plans market-linked notes with cap tied to Euro Stoxx 50

By Susanna Moon

Chicago, July 12 – Wells Fargo & Co. plans to price market-linked securities due Aug. 5, 2021 – leveraged upside participation to a cap and fixed percentage buffered downside 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 200% of any index gain, up to a maximum return of 50% to 55%.

Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.

Wells Fargo Securities LLC is the agent.

The notes will price on July 29 and settle on Aug. 5.

The Cusip number is 94986RR52.

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