Wells Fargo to price notes with barrier linked to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Jan. 6 - Wells Fargo & Co. plans to price 0% principal-at-risk securities due January 2016 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par plus 125% of the ETF return, subject to a maximum return that is expected to be 20% to 24% and will be set at pricing.

If the final share price is less than or equal to the initial share price but greater than or equal to the threshold price, 75% of the initial share price, then the payout will be par.

If the final share price is less than the threshold price, investors will lose 1% for every 1% that the final share price is less than the initial share price.

Wells Fargo Securities, LLC is the agent.

The notes will price and settle in January.

The Cusip number is 94986RSN2.

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