By Sarah Lizee
Olympia, Wash., Jan. 6 – Wells Fargo Finance LLC priced $1.55 million of 0% market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside due Dec. 31, 2021 linked to the iShares MSCI EAFE ETF, 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 200% of any gain in the fund, capped at par plus 18.4%.
If the fund falls but not beyond 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond the buffer.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $1,551,000
|
| Maturity: | Dec. 31, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain fund, capped at par plus 18.4%; par if fund falls by up to 15%; otherwise, 1% loss for every 1% decline beyond the buffer
|
| Initial level: | $69.52
|
| Buffer level: | $59.092, 85% of initial level
|
| Pricing date: | Dec. 26
|
| Settlement date: | Dec. 31
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | None
|
| Cusip: | 95001HDE8
|
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