By Angela McDaniels
Tacoma, Wash., Dec. 6 – Wells Fargo Finance LLC priced $2.65 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 22, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 9%.
If the final index level is less than or equal to the initial index level but greater than or equal to the threshold level, 85% of the initial level, the payout will be par.
If the final index level is less than the threshold level, investors will lose 1% for every 1% that the index declines beyond 15%.
The notes are guaranteed by Wells Fargo & Co.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying index: | S&P 500
|
| Amount: | $2.65 million
|
| Maturity: | Jan. 22, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 150% of index return, subject to 9% maximum return; if final index level is less than or equal to initial index level but greater than or equal to threshold level, par; if final index level is less than threshold level, 1% loss for every 1% that index declines beyond 15%
|
| Initial level: | 3,133.64 (closing level on Nov. 25)
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| Threshold level: | 2,663.594, or 85% of initial levels
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| Pricing date: | Nov. 26
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| Settlement date: | Dec. 2
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 0.1%
|
| Cusip: | 95001HCZ2
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