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Wells Fargo plans market-linked notes with cap on iShares MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, Sept. 12 – Wells Fargo & Co. plans to price market-linked securities due March, 2018 – leveraged upside participation to a cap and fixed percentage buffered downside with multiplier linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, up to a maximum return that will be set at pricing.
Investors will receive par if the fund falls by up to 20% and will lose 1.25% for each 1% fund decline beyond 20%.
Wells Fargo Securities LLC is the agent.
The notes will price and settle in September.
The Cusip number is 94986RW31.
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