Wells Fargo to price market-linked autocallables on three stocks

By Marisa Wong

Morgantown, W.Va., Nov. 27 – Wells Fargo & Co. plans to price market-linked securities – autocallable with contingent coupon and contingent downside due Dec. 1, 2020 linked to the least performing of the common stocks of CVS Health Corp., H&R Block, Inc. and Harley-Davidson, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 11% if the lowest performing stock closes at or above its 50% threshold on the related monthly observation date.

The notes will be called at par if each stock closes at or above its initial level on any quarterly observation date from May 2018 to August 2020.

The payout at maturity will be par unless any stock finishes below its 50% threshold, in which case the payout will be par plus the return of the worst performing stock with full exposure to any losses.

Wells Fargo Securities, LLC is the agent.

The notes will price Nov. 28.

The Cusip number is 95000E4N6.

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