By Wendy Van Sickle
Columbus, Ohio, April 2 – Wells Fargo Finance LLC priced $907,000 of 0% market-linked securities with leveraged upside participation and contingent downside due March 28, 2025 linked to a basket of exchange-traded funds and an index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The basket consists of the S&P 500 index (60% weight), the iShares MSCI EAFE ETF (30% weight) and the iShares MSCI Emerging Markets ETF (10% weight).
The payout at maturity will be par plus 205% of any basket gain.
Investors will receive par if the basket falls by up to 30% and will otherwise lose 1% for every 1% decline of the basket from its initial level.
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 with leveraged upside participation and contingent downside
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| Underlying basket: | S&P 500 index (60% weight), iShares MSCI EAFE ETF (30% weight) and iShares MSCI Emerging Markets ETF (10% weight)
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| Amount: | $907,000
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| Maturity: | March 28, 2025
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| Price: | Par
|
| Payout at maturity: | Par plus 205% of any basket gain; par if the basket falls by up to threshold level; otherwise 1% loss for every 1% decline from initial level
|
| Initial levels: | 2,475.56 for S&P, $52.08 for EAFE, $34.07 for Emerging Markets
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| Threshold level: | 70% of initial basket level
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| Pricing date: | March 25
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| Settlement date: | March 30
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 0.6%
|
| Cusip: | 95001HHQ7
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