By Wendy Van Sickle
Columbus, Ohio, Sept. 30 – Wells Fargo Finance LLC priced $9.08 million of 0% Accelerated Return Notes due Nov. 27, 2020 linked to a basket of defense sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of Raytheon Co. with a 33.33% weight, Lockheed Martin Corp. with a 33.33% weight and Boeing Co. with a 33.33% weight.
The payout at maturity will be par of $10 plus 300% of any basket gain, subject to a maximum return of 19.05%. Investors will be exposed to any basket decline.
The notes are guaranteed by Wells Fargo & Co.
BofA Merrill Lynch is the underwriter.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Accelerated Return Notes
|
| Underlying stocks: | Raytheon Co. and with a 33.33% weight, Lockheed Martin Corp. with a 33.33% weight and Boeing Co. with a 33.34% weight
|
| Amount: | $9,084,750
|
| Maturity: | Nov. 27, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any basket gain, capped at 19.05%; exposure to any basket decline
|
| Initial share prices: | $392.92 for Lockheed Martin, $197.93 for Raytheon and $386.89 for Boeing
|
| Pricing date: | Sept. 26
|
| Settlement date: | Oct. 3
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 95002W842
|
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