By Wendy Van Sickle
Columbus, Ohio, April 2 – Wells Fargo Finance LLC priced $3.5 million of 0% market-linked securities –upside participation and fixed percentage buffered downside due March 27, 2024 linked to the Dow Jones industrial average, 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 134% of any gain in the index.
If the index falls but not beyond 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index beyond 20%.
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 and fixed percentage buffered downside
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| Underlying index: | Dow Jones industrial average
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| Amount: | $3.5 million
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| Maturity: | March 27, 2024
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| Price: | Par
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| Payout at maturity: | Par plus 134% of any gain in the index; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
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| Initial level: | 19,173.98
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| Barrier level: | 5,339.184, or 80% of initial level
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| Pricing date: | March 20
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| Settlement date: | March 27
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| Agent: | Wells Fargo Securities LLC
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| Fees: | 1.325%
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| Cusip: | 95001HGY1
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