By Sarah Lizee
Olympia, Wash., Jan. 30 – Wells Fargo Finance LLC priced $5 million of 0% market-linked securities with leveraged upside participation to a cap and contingent downside due Jan. 27, 2023 linked to an equally-weighted index and ETF basket, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The basket consists of the S&P 500 index, the MSCI EAFE index and the iShares MSCI Emerging Markets ETF.
The payout at maturity will be par plus 200% of any basket gain, subject to a 30% maximum gain.
Investors will receive par if the basket falls by up to 20% and will otherwise lose 1% for every 1% decline.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
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| Guarantor: | Wells Fargo & Co.
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| Issue: | Market-linked securities with leveraged upside participation to a cap contingent downside
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| Underlying basket: | S&P 500 index, MSCI EAFE index and iShares MSCI Emerging Markets ETF; equal weights
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| Amount: | $5 million
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| Maturity: | Jan. 27, 2023
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par plus 200% of any basket gain, subject to 30% maximum gain; par if the basket falls by up to 20%; otherwise 1% loss for every 1% decline
|
| Initial levels: | 3,295.47 for S&P, 2,044.92 for EAFE, $44.60 for ETF
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| Barrier level: | 80% of initial basket level
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 29
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| Agent: | Wells Fargo Securities, LLC
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| Fees: | 2.75%
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| Cusip: | 95001HE80
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