By Susanna Moon
Chicago, Aug. 7 – Wells Fargo & Co. priced $475,000 of 0% market-linked securities – leveraged upside participation and buffered downside due July 5, 2022 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the iShares MSCI EAFE ETF with a 75% weight and the iShares MSCI Emerging Markets ETF with a 25% weight.
The payout at maturity will be par plus 175% of any basket gain, up to a maximum of 45%.
Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond the buffer.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
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| Issue: | Market-linked securities – leveraged upside participation and buffered downside
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| Underlying basket: | iShares MSCI EAFE ETF (75% weight) and iShares MSCI Emerging Markets ETF (25% weight)
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| Amount: | $475,000
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| Maturity: | July 5, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 120% of any basket gain, capped at 45%; par if basket falls by up to 10%; 1% loss for each 1% decline beyond 10%
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| Initial levels: | $66.93 for iShares MSCI EAFE and $43.80 for iShares MSCI EM
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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: | 2.325%
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| Cusip: | 94986R7D7
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