By Sarah Lizee
Olympia, Wash., Nov. 8 – Wells Fargo Finance LLC priced $765,000 of 0% market-linked securities – upside participation to a cap and principal return at maturity due May 7, 2024 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 any gain in the index, capped at par plus 40%.
If the index finishes flat or falls, 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 to a cap and principal return at maturity
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $765,000
|
| Maturity: | May 7, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain in the index, capped at par plus 40%; if the index finishes flat or falls, par
|
| Initial level: | 3,604.41
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 7
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 2.325%
|
| Cusip: | 95001HB26
|
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