Chicago, March 30 – Wells Fargo Finance LLC priced $4.68 million of 0% market-linked securities – leveraged upside participation and contingent downside due March 21, 2023 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 152% of any gain in the index.
If the index falls but not beyond 10%, the payout will be par.
Otherwise, investors will be fully exposed to any decline in the index.
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 contingent downside
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Underlying index: | S&P 500
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Amount: | $4,677,000
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Maturity: | March 21, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 152% of any gain index; par if index falls by up to buffer; otherwise, full exposure to losses of index
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Initial level: | 2386.13
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Buffer level: | 2147.517, 90% of initial level
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Pricing date: | March 16
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Settlement date: | March 19
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Agent: | Wells Fargo Securities LLC
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Fees: | 0.6%
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Cusip: | 95001HH79
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