By Wendy Van Sickle
Columbus, Ohio, Feb. 27 – Wells Fargo Finance LLC priced $1.29 million of 0% market-linked securities – leveraged upside participation and fixed-percentage buffered downside due Feb. 28, 2024 linked to the Euro Stoxx 50 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 138% of any gain in the index.
If the index falls but not beyond 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 25%.
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 – leveraged upside participation and fixed-percentage buffered downside
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Underlying index: | Euro Stoxx 50
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Amount: | $1,291,000
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Maturity: | Feb. 28, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 138% of any gain index; par if index falls by up to 25%; otherwise, 1% loss for every 1% decline fixed-percentage buffered
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Initial level: | 3,800.38
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Buffer level: | 2,850.285, 75% of initial level
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Pricing date: | Feb. 21
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Settlement date: | Feb. 28
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Agent: | Wells Fargo Securities LLC
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Fees: | 0.4%
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Cusip: | 95001HEQ0
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