Chicago, Oct. 3 – Wells Fargo Finance LLC priced $109,000 of 0% market-linked securities – upside participation and fixed percentage buffered downside due Aug. 30, 2024 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 but not beyond 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
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 fixed percentage buffered downside
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Underlying index: | S&P 500
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Amount: | $109,000
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Maturity: | Aug. 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain index; par if index falls by up to 15%; otherwise, 1% loss for every 1% decline beyond 15%
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Initial level: | 2869.16
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Buffer level: | 2438.786, 85% of initial level
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Pricing date: | Aug. 27
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Settlement date: | Aug. 30
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Agent: | Wells Fargo Securities LLC
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Fees: | 4.375%
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Cusip: | 95001H7L9
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