Wells Fargo to price notes linked to ETF basket with averaging feature

By Angela McDaniels

Tacoma, Wash., Feb. 4 - Wells Fargo & Co. plans to price 0% upside participation ETF-linked notes due March 6, 2020 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the SPDR S&P 500 ETF Trust with a 65% weight, the iShares MSCI EAFE index fund with a 25% weight and the iShares MSCI Emerging Markets index fund with a 10% weight.

The payout at maturity will be par plus 100% to 110% of any basket gain, with the exact participation rate to be set at pricing. If the basket declines, the payout will be par. The final basket level will be the average of the basket's closing levels on the last trading day of each February, May, August and November from May 2013 through February 2020.

Wells Fargo Securities LLC is the agent.

The notes are expected to price Feb. 28 and settle March 7.

The Cusip number is 94986RNF4.

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