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Published on 12/23/2019 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo prices $38.93 million Accelerated Return Notes on Euro Stoxx

By Devika Patel

Knoxville, Tenn., Dec. 23 – Wells Fargo Finance LLC priced $38.93 million of 0% Accelerated Return Notes due Feb. 26, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return of 19.25%. Investors will be exposed to any index decline.

The notes are guaranteed by Wells Fargo & Co.

BofA Securities, Inc. is the underwriter.

Issuer:Wells Fargo Finance LLC
Guarantor:Wells Fargo & Co.
Issue:Accelerated Return Notes
Underlying index:Euro Stoxx 50
Amount:$38,925,330
Maturity:Feb. 26, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at 19.25%; exposure to any index decline
Initial level:3,739.17
Pricing date:Dec. 19
Settlement date:Dec. 27
Agent:BofA Securities, Inc.
Fees:2%
Cusip:95002W719

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