By Kiku Steinfeld
Chicago, Aug. 20 – Wells Fargo Finance LLC priced $120,000 of 0% market-linked securities with leveraged upside participation and a fixed percentage buffered downside due Jan. 26, 2022 linked to the Euro Stoxx 50 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 120% of any gain in the index.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the index beyond 25%.
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 downside
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Underlying index: | Euro Stoxx 50
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Amount: | $120,000
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Maturity: | Jan. 26, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 120% of any gain in the index; if the index falls by up to 25%, par; otherwise, 1% loss for every 1% decline of the index beyond 25%
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Initial level: | 3,480.18
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Threshold level: | 2610.135, 75% of initial level
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Pricing date: | July 19
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Settlement date: | July 26
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Agent: | Wells Fargo Securities LLC
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Fees: | 0.4%
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Cusip: | 95001H6H9
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