By Wendy Van Sickle
Columbus, Ohio, Oct. 4 – Wells Fargo & Co. priced $420,000 of 0% market-linked securities with contingent fixed return and contingent downside due Sept. 29, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the final index return is flat or positive, the payout at maturity will be par plus 22.5%.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will have exposure to losses beyond 15%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
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| Issue: | Market-linked securities with contingent fixed return and contingent downside
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| Underlying index: | S&P 500
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| Amount: | $420,000
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| Maturity: | Sept. 29, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or is flat, par plus 22.5%; par if index falls by up to 15%; exposure to losses beyond 15%
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| Initial level: | 2,915.56
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 28
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| Agents: | Wells Fargo Securities, LLC
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| Fees: | 3.75%
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| Cusip: | 95001B6N9
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