By Sarah Lizee
Olympia, Wash., March 5 – Wells Fargo Finance LLC priced $2.61 million of 0% market linked securities – leveraged upside participation to a cap and fixed buffered downside due Sept. 7, 2021 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum return of 27%.
Investors will receive par if the fund falls by up to 15% and will be exposed to any beyond the buffer.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo Finance LLC
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Guarantor: | Wells Fargo & Co.
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Issue: | Market linked securities – leveraged upside participation to a cap and fixed buffered downside
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Underlying fund: | iShares MSCI Emerging Markets ETF
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Amount: | $2,608,000
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Maturity: | Sept. 7, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any fund gain, capped at 27%; par if index falls by up to 15%; otherwise, 1% loss per 1% decline beyond 15%
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Initial level: | $42.44
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Buffer level: | $36.074; 85% of initial level
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Pricing date: | Feb. 28
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Settlement date: | March 7
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Agent: | Wells Fargo Securities LLC
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Fees: | 1.825%
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Cusip: | 95001H2M2
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