By Sarah Lizee
Olympia, Wash., March 31 – Wells Fargo Finance LLC priced $132.31 million of 0% Leveraged Index Return Notes due March 28, 2025 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 205% of any index gain.
Investors will lose 1% for every 1% decline.
The notes are guaranteed by Wells Fargo & Co.
BofA Securities, Inc. is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $132,314,950
|
| Maturity: | March 28, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 205% of any index gain; 1% loss for every 1% decline
|
| Initial value: | 22,552.17
|
| Pricing date: | March 26
|
| Settlement date: | April 2
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2.5%
|
| Cusip: | 95002W594
|
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