By Sarah Lizee
Olympia, Wash., April 8 – Wells Fargo Finance LLC priced $320,000 of 0% market-linked securities – leveraged upside participation and contingent downside due April 6, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The payout at maturity will be par plus 150% of any gain in the index.
If the index falls but not beyond 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
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| Issue: | Market-linked securities – leveraged upside participation and contingent downside
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| Underlying index: | Euro Stoxx 50
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| Amount: | $320,000
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| Maturity: | April 6, 2023
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any gain in the index; par if index falls by up to 30%; otherwise, 1% loss for every 1% decline
|
| Initial level: | 2765.62
|
| Barrier level: | 1935.934, or 70% of initial level
|
| Pricing date: | March 30
|
| Settlement date: | April 6
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 2.075%
|
| Cusip: | 95001HFT3
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