By Wendy Van Sickle
Columbus, Ohio, April 8 – Wells Fargo Finance LLC priced $1.61 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due April 3, 2024 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 150% of any gain in the fund, capped at par plus 50%.
If the fund falls but not beyond 20%, 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 to a cap and fixed percentage buffered downside
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| Underlying fund: | iShares MSCI Emerging Markets ETF
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| Amount: | $1.61 million
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| Maturity: | April 3, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any gain fund, capped at par plus 50%; par if fund falls by up to 20%; otherwise, 1% loss for every 1% decline beyond the buffer
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| Initial level: | $42.92
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| Buffer level: | $34.336, 80% of initial level
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| Pricing date: | March 29
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| Settlement date: | April 3
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| Agent: | Wells Fargo Securities LLC
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| Fees: | 2.62%
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| Cusip: | 95001H3J8
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