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Wells Fargo plans leveraged market-linked notes on Stoxx 50 index
By Sarah Lizee
Olympia, Wash., Feb. 6 – Wells Fargo Finance LLC plans to price 0% market-linked securities with leveraged upside participation to a cap and contingent downside due March 8, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The payout at maturity will be par plus 200% of any index gain, capped at par plus 50% to 55%.
Investors will receive par if the index falls by up to 25%.
If the index falls by more than 25%, investors will be fully exposed to the decline.
Wells Fargo Securities, LLC is the agent.
The notes will price on Feb. 27.
The Cusip number is 95001H2N0.
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