Wells Fargo plans market-linked notes tied to two iShares funds

By Jennifer Chiou

New York, Sept. 19 – Wells Fargo & Co. plans to price 0% market-linked notes due Oct. 7, 2021 tied to the iShares MSCI Emerging Markets exchange-traded fund with an 80% weight and the iShares MSCI EAFE exchange-traded fund with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The ending price of the basket will be the average of the basket returns on quarterly measurement dates during the life of the notes.

If the average ending price is positive, the payout at maturity will be par plus 115% to 125% of the gain. Otherwise, investors will receive par.

The notes (Cusip: 94986RUZ2) are expected to price on Sept. 30 and settle on Oct. 3.

Wells Fargo Securities LLC is the agent.

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