New Issue: Wells Fargo sells $1.07 million market-linked notes tied to S&P 500

By Devika Patel

Knoxville, Tenn., Dec. 24 – Wells Fargo & Co. priced $1.07 million of 0% market-linked securities with leveraged upside participation and contingent downside due Dec. 10, 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.

If the index return is positive, the payout at maturity will be par plus 142% of the gain. Investors will receive par if the index decreases by up to 30% and will lose 1% for each 1% decline from the initial level if the index falls beyond 30%.

Wells Fargo Securities, LLC is the underwriter.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Market-linked securities with leveraged upside participation and contingent downside Underlying index:	S&P 500
Amount:	$1,071,000
Maturity:	Dec. 10, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 142% of any index gain; par if index declines by 30% or less; 1% loss for every 1% that index declines from initial level if index falls beyond 30%
Initial index level:	3,112.76
Threshold price:	2,178.932, 70% of initial share price
Pricing date:	Dec. 30
Settlement date:	Dec. 24
Agent:	Wells Fargo Securities, LLC
Fees:	0.6%
Cusip:	94986R4W8

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