By Sarah Lizee
Olympia, Wash., Sept. 9 – Wells Fargo Finance LLC priced $835,000 of 0% market linked securities – autocallable with fixed percentage buffered downside due Sept. 11, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The notes will be called at par plus a 6.1% annualized premium if the index closes at or above its initial level on any annual call observation date.
The payout at maturity will be par unless the index falls by more than 10%, in which case investors will be exposed to any losses beyond 10%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo Finance LLC
|
Guarantor: | Wells Fargo & Co.
|
Issue: | Market linked securities – autocallable fixed percentage buffered downside Underlying index: | Dow Jones industrial average
|
Amount: | $835,000
|
Maturity: | Sept. 11, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par unless index falls by more than 10%, in which case 1% loss for every 1% decline beyond 10%
|
Call: | At par plus 6.1% annualized call premium if index closes at or above initial level on any annual call observation date
|
Initial level: | 26,403.28
|
Threshold level: | 23,762.952, 90% of initial level
|
Pricing date: | Aug. 30
|
Settlement date: | Sept. 9
|
Agent: | Wells Fargo Securities LLC
|
Fees: | 1.825%
|
Cusip: | 95001HA43
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.