Wells Fargo plans buffered market-linked autocallables on Stoxx 50

By Susanna Moon

Chicago, Jan. 11 – Wells Fargo & Co. plans to price 0% market linked securities – autocallable with fixed percentage downside due Feb. 8, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 7.25% to 8.25% if the index closes at or above its initial price on any annual call date.

The payout at maturity will be par unless the index falls by more 10%, in which case investors will lose 1% for each 1% index decline beyond the buffer.

Wells Fargo Securities, LLC is the agent.

The notes will price on Jan. 31 and settle on Feb. 7.

The Cusip number is 95000E4Z9.

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