Chicago, April 14 – Wells Fargo Finance LLC priced $1.75 million of 0% market-linked securities due April 4, 2025 – principal-at-risk with leveraged upside participation and a fixed-percentage buffered downside – linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
If all three indexes finish above their initial levels, the payout will be par plus 133% of the return of the lowest-performing index.
If the lowest-performing index declines, but not more than 30%, investors will receive par.
Otherwise, investors will be exposed to the losses of the worst-performing index beyond the 30% buffer.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
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| Issue: | Market linked securities – principal-at-risk with leveraged upside participation and a fixed-percentage buffered downside
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| Underlying indexes: | Dow Jones industrial average, S&P 500 index and Nasdaq-100 index
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| Amount: | $1,752,000
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| Maturity: | April 4, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 133% of worst performing index if all three finish above initial level; par if the worst performing index declines but not more than 30%; exposure to losses of worst performer beyond 30% buffer
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| Initial levels: | 20943.51 for Dow, 2470.50 for S&P, 7486.287 for Nasdaq
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| Downside thresholds: | 14660.457 for Dow, 1729.35 for S&P, 5240.4009 for Nasdaq; 70% of initial levels
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| Pricing date: | April 1
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| Settlement date: | April 6
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| Agent: | Wells Fargo Securities LLC
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| Fees: | 1.5%
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| Cusip: | 95001HHY0
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