By Wendy Van Sickle
Columbus, Ohio, March 5 – Wells Fargo Finance LLC priced $352,000 of 0% market-linked securities – upside participation to a cap and partial principal return at maturity due Feb. 28, 2022 linked to the iShares MSCI Emerging Markets ETF, 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 fund, capped at par plus 31%.
If the fund falls investors will be exposed to the first 15% of any losses.
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 – upside participation to a cap and partial principal return
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Underlying fund: iShares MSCI Emerging Markets ETF
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Amount: | $352,000
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Maturity: | Feb. 28, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain fund, capped at par plus 31%; exposure to first 15% of any losses
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Initial level: | $41.34
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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: | 0%
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Cusip: | 95001HFJ5
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