By Jennifer Chiou
New York, June 20 – Wells Fargo & Co. priced $4,086,000 of 0% market-linked securities with leveraged upside participation and contingent downside due Jan. 25, 2021 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus 122% of the gain.
Investors will receive par if the fund decreases by up to 30% and will share fully in losses if fund declines beyond the threshold price.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked securities
|
| Underlying ETF: | iShares MSCI Emerging Markets
|
| Amount: | $4,086,000
|
| Maturity: | Jan. 25, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 122% of any fund gain; par for losses up to 30%; full exposure to losses if fund declines beyond threshold price
|
| Initial share price: | $43.90
|
| Threshold price: | $30.73, 70% of initial share price
|
| Pricing date: | June 18
|
| Settlement date: | June 25
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 3%
|
| Cusip: | 94986RUE9
|
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