By Wendy Van Sickle
Columbus, Ohio, Sept. 11 – Wells Fargo & Co. priced $790,000 of 0% market-linked securities with contingent fixed return and contingent downside due Sept. 7, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the final index return is flat or positive, the payout at maturity will be par plus 35%.
If the index falls by up to 40%, the payout will be par.
Otherwise, investors will be fully exposed to losses.
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: | $790,000
|
| Maturity: | Sept. 7, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains or is flat, par plus 35%; par if index falls by up to 40%; full exposure to losses otherwise
|
| Initial level: | 2,901.13
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 7
|
| Agents: | Wells Fargo Securities, LLC
|
| Fees: | 2.62%
|
| Cusip: | 95001B5U4
|
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