By Sarah Lizee
Olympia, Wash., March 27 – Wells Fargo Finance LLC priced $9.36 million of 0% market-linked securities – leveraged upside participation to a cap and contingent downside due March 25, 2022 linked to the Dow Jones industrial average, 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 150% of any gain in the index, capped at par plus 59%.
If the index falls but not beyond 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index.
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 contingent downside
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $9,362,000
|
| Maturity: | March 25, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain in the index, capped at par plus 59%; par if index falls by up to 15%; otherwise, 1% loss for every 1% decline
|
| Initial level: | 19,898.92
|
| Barrier level: | 16,914.082, or 85% of initial level
|
| Pricing date: | March 18
|
| Settlement date: | March 25
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 1.825%
|
| Cusip: | 95001HH53
|
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