By Wendy Van Sickle
Columbus, Ohio, July 10 – Wells Fargo & Co. priced $2.3 million of 0% market-linked securities – leveraged upside participation and contingent downside due July 5, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 142% of any fund gain.
Investors will receive par if the fund falls by up to 30% and will lose 1% for each 1% decline below the initial level if it falls by more than 30%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked securities – leveraged upside participation and contingent downside
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $2,295,000
|
| Maturity: | July 5, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 142% of any fund gain; par if the fund falls by up to 30%; 1% loss for each 1% decline below the initial level if it falls by more than 30%
|
| Initial price: | $65.16
|
| Threshold level: | $41.612, 70% of initial level
|
| Pricing date: | June 29
|
| Settlement date: | July 5
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 2.62%
|
| Cusip: | 94986R6M8
|
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