By Marisa Wong
Los Angeles, April 9 – Wells Fargo Finance LLC priced $3.83 million of 0% market-linked securities – leveraged upside participation to a cap and one-to-one downside exposure due May 28, 2021, 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 300% of any gain in the index, capped at par plus 18.2%.
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 to a cap and one-to-one downside exposure
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Underlying index: | S&P 500
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Amount: | $3,825,000
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Maturity: | May 28, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at par plus 18.2%; full exposure to losses
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Initial level: | 2,630.07
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Pricing date: | March 26
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Settlement date: | March 31
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Agent: | Wells Fargo Securities LLC
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Fees: | 2.35%
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Cusip: | 95001HGW5
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