By Sarah Lizee
Olympia, Wash., April 7 – Wells Fargo Finance LLC priced $4.4 million of 0% market-linked securities – leveraged upside participation to a cap and contingent downside due April 4, 2022 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 200% of any gain in the index, capped at par plus 40%.
If the index falls but not beyond 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of 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 to a cap and contingent downside
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Underlying index: | Dow Jones industrial average
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Amount: | $4,395,000
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Maturity: | April 4, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any gain in the index, capped at par plus 40%; par if index falls by up to 15%; otherwise, 1% loss for every 1% decline
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Initial level: | 21,636.78
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Barrier level: | 18,391.263, or 85% of initial level
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Pricing date: | March 27
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Settlement date: | April 3
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Agent: | Wells Fargo Securities LLC
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Fees: | 1.825%
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Cusip: | 95001HHK0
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