By Sarah Lizee
Olympia, Wash., April 8 – Wells Fargo Finance LLC priced $16.8 million of 0% market-linked securities – leveraged upside participation and contingent downside due April 4, 2023 linked to the iShares MSCI EAFE 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 185% of any gain in the fund.
If the fund falls but not beyond 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
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 fund: | iShares MSCI EAFE ETF
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Amount: | $16.8 million
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Maturity: | April 4, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 185% of any gain fund; par if fund falls by up to barrier; otherwise, 1% loss for every 1% decline
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Initial level: | $53.93
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Barrier level: | $43.144, 80% of initial level
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Pricing date: | March 30
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Settlement date: | April 2
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Agent: | Wells Fargo Securities LLC
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Fees: | 0.6%
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Cusip: | 95001HHW4
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