New Issue: Wells Fargo sells $106,000 leveraged market-linked notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., Jan. 6 – Wells Fargo Finance LLC priced $106,000 of 0% market-linked securities – leveraged upside participation with contingent absolute return and contingent downside due Dec. 31, 2024 linked to the Russell 2000 index and the S&P 500 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 118% of any gain in the lesser performing index.

If the lesser performing index falls but not beyond 30%, the payout will be par plus the absolute value of the return of the lesser performing index.

Otherwise, investors will lose 1% for each 1% decline in the lesser performing index.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Market-linked securities – leveraged upside participation with contingent absolute return and contingent
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$106,000
Maturity:	Dec. 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 118% of any gain in lesser performing index; par plus the absolute value of the return of the lesser performing index if lesser performing index falls by up to 30%; otherwise, 1% loss for every 1% decline in lesser performing index
Initial level:	3,239.91 for S&P, 1,677.67 for Russell
Barrier level:	2,267.937 for S&P, 1,174.369 for Russell, 70% of initial level
Pricing date:	Dec. 26
Settlement date:	Dec. 31
Agent:	Wells Fargo Securities LLC
Fees:	4.125%
Cusip:	95001HD57

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