By Sarah Lizee
Olympia, Wash., July 2 – Wells Fargo Finance LLC priced $10 million of 0% market-linked securities – upside participation and partial principal return at maturity due July 3, 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 any gain in the index.
If the index falls, investors will be exposed to the decline, subject to a minimum payout of 90% of par.
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 – upside participation and partial principal return at maturity
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Underlying index: | S&P 500
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Amount: | $10 million
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Maturity: | July 3, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain in the index; if the index falls, investors will be exposed to the decline, subject to a minimum payout of 90% of par
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Initial level: | 2,924.92
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Pricing date: | June 28
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Settlement date: | July 2
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Agent: | Wells Fargo Securities LLC
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Fees: | 0.125%
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Cusip: | 95001H6P1
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