By Susanna Moon
Chicago, Aug. 4 – Wells Fargo & Co. priced $2.25 million 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 7, 2020 linked to a basket of two exchange-traded fund, according to a 424B3 filing with the Securities and Exchange Commission.
The basket consists of the iShares MSCI EAFE ETF with a 70% weight and the iShares MSCI Emerging Markets ETF with a 30% weight.
The payout at maturity will be par plus 170% of any basket gain, up to a maximum return of 55%.
Investors will receive par if the basket falls by up to 15% and will be exposed to any losses beyond 15%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
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| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
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| Underlying basket: | iShares MSCI EAFE ETF (70% weight) and iShares MSCI Emerging Markets ETF (30% weight)
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| Amount: | $2,246,000
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| Maturity: | Aug. 7, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 170% of any basket gain, capped at 55%; par if basket falls by up to 15%; exposure to any losses beyond 15%
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| Pricing date: | July 31
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| Settlement date: | Aug. 7
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| Agent: | Wells Fargo Securities LLC
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| Fees: | 1.62%
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| Cusip: | 94986RXU0
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