By Sarah Lizee
Olympia, Wash., Dec. 6 – Wells Fargo Finance LLC priced $6.09 million of capped notes due Dec. 22, 2020 linked to an unequally-weighted basket of indexes, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The basket consists of the Euro Stoxx 50 index with a 60% weight and the S&P 500 index with a 40% weight.
If the basket return is positive, the payout at maturity will be par plus the basket return, capped at par plus 7.75%.
If the basket declines by up to 7.5%, the payout will be par.
If the basket declines by more than 7.5%, investors will lose 1% for every 1% decline beyond the buffer.
BofA Securities, Inc. is the agent.
Issuer: | Wells Fargo Finance LLC
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Guarantor: | Wells Fargo & Co.
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Issue: | Capped notes
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Basket components: | Euro Stoxx 50 index with a 60% weight and S&P 500 index with a 40% weight
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Amount: | $6,091,000
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Maturity: | Dec. 22, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the basket return is positive, par plus the basket return, capped at par plus 7.75%; if the basket declines by up to 7.5%, par; if the basket declines by more than 7.5%, 1% loss for every 1% decline beyond the buffer
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Initial levels: | 3,687.32 for Stoxx, 3,110.29 for S&P
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Pricing date: | Nov. 22
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Settlement date: | Nov. 27
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Agent: | BofA Securities, Inc.
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Fees: | 2%
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Cusip: | 95002W743
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