Wells Fargo to price market-linked securities tied to three indexes

Chicago, Feb. 7 – Wells Fargo Finance LLC plans to price market-linked securities – autocallable with contingent coupon and contingent downside – due March 6, 2029 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of between 7.05% and 8.05% if each index closes at or above the 70% threshold on the observation date for that quarter.

The notes will automatically be called at par if each index closes at or above its initial level on any quarterly calculation date starting in March 2020 and ending in December 2028.

The payout at maturity will be par unless any index falls below the 50% downside threshold, in which case investors will be fully exposed to any decline of the worst performing index.

Wells Fargo Securities, LLC is the agent.

The notes will price on Feb. 25 and settle Feb. 28.

The Cusip number is 95001H2Q3.

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