By Susanna Moon
Chicago, Jan. 31 – Wells Fargo & Co. priced $2.31 million of 0% market-linked securities – leveraged upside participation and fixed percentage buffered downside due Jan. 28, 2021 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR S&P 500 ETF Trust with a 50% weight, the iShares Russell 2000 ETF with a 25% weight and the iShares MSCI EAFE ETF with a 25% weight.
The payout at maturity will be par plus 116% of any basket gain.
Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond 10%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
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| Issue: | Market-linked securities – leveraged upside participation and fixed percentage buffered downside
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| Underlying basket: | SPDR S&P 500 ETF Trust (50% weight), the iShares Russell 2000 ETF (25% weight) and the iShares MSCI EAFE ETF (25% weight)
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| Amount: | $2,314,000
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| Maturity: | Jan. 28, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 116% of any basket gain; par if basket falls by up to 10% and exposure to losses beyond 10%
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| Initial levels: | $283.29 for S&P fund, $159.96 for Russell fund and $74.75 for EAFE fund
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 26
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| Agent: | Wells Fargo Securities, LLC
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| Fees: | 0.15%
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| Cusip: | 95000E5M7
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