By Susanna Moon
Chicago, Feb. 28 – Wells Fargo Finance LLC priced $4.5 million of 0% market linked securities – callable range accrual securities with fixed percentage buffered downside due Aug. 28, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at a rate of 6.1% for each day that the index closes at or above its 80% threshold, payable monthly.
The notes are callable at par on any monthly review date after one year.
The payout at maturity will be par unless the index falls by more than 20%, in which case investors will be exposed to any losses beyond the buffer.
The notes are guaranteed by Wells Fargo & Co.
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 – callable range accrual securities with fixed percentage buffered downside
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| Underlying index: | S&P 500 index
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| Amount: | $4.5 million
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| Maturity: | Aug. 28, 2026
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| Coupon: | 6.1% for each day that index closes at or above its 80% threshold, payable monthly
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| Price: | Par
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| Call option: | At par on any monthly review date after one year
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| Payout at maturity: | Par unless index falls by more than 20%, in which case 1% loss per 1% drop beyond 20%
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| Initial level: | 2,796.11
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| Pricing date: | Feb. 25
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| Settlement date: | Feb. 28
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| Agent: | Wells Fargo Securities LLC
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| Fees: | 4%
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| Cusip: | 95001H2T7
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