By Wendy Van Sickle
Columbus, Ohio, July 2 – Wells Fargo Finance LLC priced $10 million of 0% market-linked securities – upside participation and principal return at maturity due July 1, 2022 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, up to a maximum payout of par plus 16.5%.
If the index falls, the payout will be par.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
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| Issue: | Market-linked securities – upside participation and 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 1, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any gain in the index, up to a maximum of par plus 16.5%; if the index falls, par
|
| Initial level: | 2,924.92
|
| Pricing date: | June 28
|
| Settlement date: | July 2
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 0.125%
|
| Cusip: | 95001H6Q9
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