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Wells Fargo to price market-linked securities on Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., Aug. 22 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation and contingent downside due Sept. 8, 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 165% to 175% of any index gain, with the exact upside participation to be set at pricing.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline from the initial level if the index falls by more than 20%.
Wells Fargo Securities, LLC is the agent.
The notes (Cusip: 95000E2M0) will price Aug. 30 and settle Sept. 7.
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