Wells Fargo plans to price market-linked autocallable notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Dec. 12 – Wells Fargo & Co. plans to price market-linked autocallable securities with contingent coupon and contingent downside due Jan. 4, 2019 linked to the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon if each index closes at or above its 75% threshold level on the calculation date for that quarter.

If each index closes at or above its initial level on a quarterly calculation date from June 2017 to September 2018, the notes will be called at par plus the contingent coupon for that quarter.

The payout at maturity will be par plus the final contingent coupon unless any index finishes below its threshold level, in which case investors will be fully exposed to the decline of the least performing index.

Wells Fargo Securities LLC is the agent.

The notes (Cusip: 94986R2V2) will price Dec. 29 and settle Jan. 4.

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