By Sarah Lizee
Olympia, Wash., Feb. 12 – Wells Fargo Finance LLC priced $700,000 of market-linked securities due Feb. 7, 2024 – contingent fixed return and fixed percentage buffered downside linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Wells Fargo & Co.
If the index gains or finishes flat, the payout will be par plus 23%.
If the index declines by up to 10%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index beyond 10%.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
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| Guarantor: | Wells Fargo & Co.
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| Issue: | Market-linked securities – contingent fixed return and fixed percentage buffered downside
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| Underlying index: | S&P 500
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| Amount: | $700,000
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| Maturity: | Feb. 7, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index gains or finishes flat, par plus 23%; if the index declines by up to buffer level, par; otherwise, investors will be fully exposed to the decline of the index beyond buffer
|
| Initial level: | 3,225.52
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| Buffer level: | 2,902.968, 90% of initial level
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 7
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| Agent: | Wells Fargo Securities LLC
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| Fees: | 2.325%
|
| Cusip: | 95001HDN8
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