By Sarah Lizee
Olympia, Wash., Jan. 3 – Wells Fargo Finance LLC priced $1.85 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due June 23, 2022 linked to 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 145% of any gain in the index, capped at par plus 22.5%.
If the index falls but not beyond 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying index: | S&P 500
|
| Amount: | $1.85 million
|
| Maturity: | June 23, 2022
|
| Coupon: 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 145% of any gain index capped at par plus 22.5%; par if index falls by up to 15%; otherwise, 1% loss for every 1% decline beyond 15%
|
| Initial level: | 3,205.37
|
| Barrier level: | 2,724.5645, 85% of initial level
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 26
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 95001HDJ7
|
|
|
© 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.
