By Sarah Lizee
Olympia, Wash., Sept. 5 – Wells Fargo Finance LLC priced $11.88 million of 0% Leveraged Index Return Notes due Aug. 26, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The basket consists of the MSCI Emerging Markets index with a 33.4% weight, the S&P 500 index with a 33.3% weight and the Euro Stoxx 50 index with a 33.3% weight.
The payout at maturity will be par plus 120.5% of any basket gain.
Investors will receive par if the basket falls by up to 10% and will be exposed to losses beyond 10%.
BofA Securities, Inc. is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying basket: | MSCI Emerging Markets index with a 33.4% weight, S&P 500 index with a 33.3% weight and Euro Stoxx 50 index with a 33.3% weight
|
| Amount: | $11,882,200
|
| Maturity: | Aug. 26, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 120.5% of any basket gain; par if basket falls by up to 10%; exposure to losses beyond 10%
|
| Initial index levels: | 970.08 for EM, 2,924.58 for S&P, 3,411.33 for Stoxx
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 6
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2.25%
|
| Cusip: | 95002W867
|
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