By Sarah Lizee
Olympia, Wash., Oct. 8 – Wells Fargo Finance LLC priced $491,000 of 0% market-linked securities – upside participation with averaging and principal return at maturity due April 6, 2026 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 average ending level of the index is based on the average of closing levels on quarterly determination dates.
If the average ending level is greater than the starting level, the payout will be par plus the index’s percentage increase from the starting level to the average ending level.
Otherwise, the payout will be par.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked securities – upside participation with averaging and principal return at maturity
|
| Underlying index: | S&P 500
|
| Amount: | $491,000
|
| Maturity: | July 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the average ending level is greater than the starting level, par plus the index’s percentage increase from the starting level to the average ending level; otherwise, par
|
| Average ending level: | Average of closing levels on quarterly determination dates
|
| Initial level: | 2,976.74
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 3
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 2.62%
|
| Cusip: | 95001HA92
|
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