New Issue: Wells Fargo sells $900,000 market-linked principal-return notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, June 5 – Wells Fargo Finance LLC priced $900,000 of 0% market-linked securities –upside participation to a cap and principal return at maturity due June 3, 2022 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 any gain in the lesser performing index, capped at par plus 19%.

If the lesser performing index falls, the payout will be par.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Market-linked securities –upside participation to a cap and principal return at maturity
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$900,000
Maturity:	June 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in lesser performing index, capped at par plus 19%; par if lesser performing index falls
Initial level:	2,822.24 for S&P, 1,501.38 for Russell
Pricing date:	May 28
Settlement date:	May 30
Agent:	Wells Fargo Securities LLC
Fees:	0.6%
Cusip:	95001H5U1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.