Chicago, April 15 – Wells Fargo Finance LLC priced $1.58 million of 0% market-linked securities – leveraged upside participation and fixed percentage buffered downside due April 14, 2025 linked to the Dow Jones industrial average and 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 170% of any gain in the lesser performing index.
If the lesser performing index falls but not beyond 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline in the lesser performing index beyond 10%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked securities – leveraged upside participation and fixed percentage buffered downside
|
| Underlying indexes: | S&P 500 and Dow Jones industrial average
|
| Amount: | $1,584,000
|
| Maturity: | April 14, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 170% of any gain in the lesser performing index; if the lesser performing index falls but not beyond 10%, par; 1% for each 1% decline in the lesser performing index beyond 10%
|
| Initial level: | 2663.68 for S&P, 22679.99 for Dow
|
| Buffer level: | 2397.312 for S&P, 20411.991 for Dow, 90% of initial level
|
| Pricing date: | April 6
|
| Settlement date: | April 14
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 0.8%
|
| Cusip: | 95001HJ36
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
