By Wendy Van Sickle
Columbus, Ohio, Jan. 9 – Wells Fargo & Co. priced $4.1 million of 0% equity-linked securities with leveraged upside participation to a cap and buffered downside with multiplier due Dec. 9, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the gain, capped at 18.25% maximum gain.
If the index falls by up to 20%, the payout will be par.
If the index falls by more than 20%, investors will lose 1.25% for every 1% decline beyond 20%
Wells Fargo Securities is the agent.
| Issuer: | Wells Fargo & Co.
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| Issue: | Equity-linked securities with leveraged upside participation to a cap and buffered downside with multiplier
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| Underlying index: | Russell 2000 index
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| Amount: | $4.1 million
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| Maturity: | Dec. 9, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the index return is positive, par plus 150% of the gain up to an 18.25% maximum gain; if the index falls by up to 20%, par; 1.25% loss for every 1% drop beyond 20%
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| Initial level: | 1,552.576
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| Threshold level: | 1,242.0608, 80% of initial level
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| Pricing date: | Jan. 4
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| Settlement date: | Jan. 9
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| Agent: | Wells Fargo Securities
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| Fees: | None
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| Cusip: | 95000E5H8
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