New Issue: Wells Fargo sells $2.62 million digital securities with buffered downside on Stoxx

By Sarah Lizee

Olympia, Wash., Dec. 24 – Wells Fargo Finance LLC priced $2.62 million of 0% digital securities with buffered downside due Feb. 4, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout at maturity will be $1,145 per $1,000 principal amount of notes. If the index return is less than negative 15%, investors will lose 1.1765% 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:	Digital securities with buffered downside
Underlying index:	Euro Stoxx 50
Amount:	$2,621,000
Maturity:	Feb. 4, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, $1,145 per $1,000 principal amount; if index return is less than negative 15%, 1.1765% loss for every 1% that index declines beyond 15%
Initial level:	3,672.18
Pricing date:	Dec. 9
Settlement date:	Dec. 16
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	95001HD24

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