By Wendy Van Sickle
Columbus, Ohio, Sept. 12 – Wells Fargo & Co. priced $5 million of 0% market-linked notes – leveraged upside participation to a cap and buffered downside with multiplier due Jan. 9, 2020 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF closes at or above its initial level, the payout at maturity will be par plus 1.5 times the gain, up to a maximum of par plus 12.45%.
If the ETF falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1.25% for each 1% decline beyond 20%.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo & Co.
|
| Issue: | Market-linked notes – leveraged upside participation to a cap and buffered downside with multiplier
|
| Underlying ETF: | iShares MSCI EAFE ETF
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| Amount: | $5 million
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| Maturity: | Jan. 9, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains, par plus 1.5 times return up to maximum of par plus 12.45%; if ETF falls by up to 20%, par; otherwise, 1.25% loss per 1% decline beyond 20%
|
| Initial level: | $66.77
|
| Buffer level | $53.416, 80% of initial level
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| Pricing date: | Sept. 5
|
| Settlement date: | Sept. 10
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 0%
|
| Cusip: | 95001B6W9
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