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Wells Fargo plans market-linked securities tied to iShares MSCI EAFE
By Devika Patel
Knoxville, Tenn., April 17 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due April 30, 2019 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, subject to a cap of $1,150 per $1,000 of notes.
Investors will receive par if the fund falls by up to the buffer and will lose 1% for each 1% decline from the buffer level if the fund finishes below the buffer. The buffer is expected to fall between 76.5% to 79.5% of the initial level and will be set at pricing.
Wells Fargo Securities LLC is the agent.
The notes (Cusip: 94986R5P2) will price April 25 and settle April 28.
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