By Sarah Lizee
Olympia, Wash., March 6 – Wells Fargo Finance LLC priced $500,000 of 0% market linked securities – leveraged upside participation and fixed percentage buffered downside due March 9, 2023 linked to the S&P 500 index, 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 110% of any gain in the index.
If the index falls but not beyond 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline 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 and fixed percentage buffered
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Underlying index: | S&P 500
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Amount: | $500,000
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Maturity: | March 9, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 110% of any gain index; par if index falls by up to 25%; otherwise, 1% loss for every 1% decline beyond the buffer
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Initial level: | 2,792.81
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Buffer level: | 2,094.6075, 75% of initial level
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Pricing date: | March 4
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Settlement date: | March 7
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Agent: | Wells Fargo Securities LLC
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Fees: | 0.4%
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Cusip: | 95001H3R0
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