By Wendy Van Sickle
Columbus, Ohio, Oct. 2 – Wells Fargo Finance LLC priced $500,000 of 0% market-linked securities – leveraged upside participation and contingent downside due Sept. 29, 2022 linked to the iShares MSCI EAFE 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 1.46 times any gain in the ETF.
If the ETF falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the ETF from its initial level.
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 contingent downside
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Underlying ETF: | iShares MSCI EAFE
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Amount: | $500,000
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Maturity: | Sept. 29, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.46 times any gain in the ETF; if the ETF falls by up to 25%, par; otherwise, 1% loss for every 1% decline of ETF from initial level
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Initial level: | $65.14
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Threshold price: | $48.855, 75% of initial level
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Agent: | Wells Fargo Securities LLC
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Fees: | 0.6%
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Cusip: | 95001HB91
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