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Published on 1/22/2018 in the Prospect News Structured Products Daily.

Wells Fargo to price market-linked notes tied to global ETF basket

By Marisa Wong

Morgantown, W.Va., Jan. 22 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation and fixed-percentage buffered downside due Jan. 28, 2021 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the SPDR S&P 500 ETF trust with a 50% weight, the iShares Russell 2000 ETF with a 25% weight and the iShares MSCI EAFE ETF with a 25% weight.

The payout at maturity will be par plus 114% to 120% of any basket gain.

Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

Wells Fargo Securities LLC is the agent.

The notes will price on Jan. 23.

The Cusip number is 95000E5M7.


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