New Issue: Wells Fargo prices $8.41 million buffer securities linked to S&P

By Sarah Lizee

Olympia, Wash., March 20 – Wells Fargo Finance LLC priced $8.41 million of 0% buffer securities due Sept. 18, 2023 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.

The payout at maturity will be par plus any index gain.

Investors will receive par if the index falls by up to 23% and will lose 1% per 1% drop beyond 23%.

UBS Financial Services Inc. and Wells Fargo Securities, LLC are the agents.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Buffer securities
Underlying index:	S&P 500
Amount:	$8,408,320
Maturity:	Sept. 18, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index declines by up to 23%; 1% loss for every 1% index decline beyond 23%
Initial index level:	2,711.02
Buffer level:	2,087.49, 77% of initial level
Pricing date:	March 13
Settlement date:	March 18
Underwriters:	UBS Financial Services Inc. and Wells Fargo Securities, LLC
Fees:	None
Cusip:	95002W610

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