By Marisa Wong
Morgantown, W.Va., June 12 – Wells Fargo & Co. priced $1.37 million of 0% market-linked securities with contingent fixed return and contingent downside due June 6, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes flat or gains, the payout at maturity will be par plus 34%.
Investors will receive par if the index falls by up to 40% and will lose 1% for each 1% decline from the initial level if the index falls by more than 40%.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked securities with contingent fixed return and contingent downside
|
| Underlying index: | S&P 500
|
| Amount: | $1,372,000
|
| Maturity: | June 6, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 34% if index gains or finishes flat; par if the index falls by up to 40%; 1% loss for each 1% decline from the initial level if the index falls by more than 40%
|
| Initial level: | 2,412.91
|
| Pricing date: | May 30
|
| Settlement date: | June 6
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 2.62%
|
| Cusip: | 94986R6A4
|
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