By Wendy Van Sickle
Columbus, Ohio, March 5 – Wells Fargo Finance LLC priced $352,000 of 0% market-linked securities – upside participation to a cap and partial principal return at maturity due Feb. 28, 2022 linked to the iShares MSCI Emerging Markets 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 any gain in the fund, capped at par plus 31%.
If the fund falls investors will be exposed to the first 15% of any losses.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
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| Issue: | Market-linked securities – upside participation to a cap and partial principal return
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| Underlying fund: iShares MSCI Emerging Markets ETF
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| Amount: | $352,000
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| Maturity: | Feb. 28, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any gain fund, capped at par plus 31%; exposure to first 15% of any losses
|
| Initial level: | $41.34
|
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| Pricing date: | Feb. 25
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| Settlement date: | Feb. 28
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 0%
|
| Cusip: | 95001HFJ5
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