By Sarah Lizee
Olympia, Wash., April 8 – Wells Fargo Finance LLC priced $5.3 million of 0% market-linked securities – leveraged upside participation and contingent downside due April 6, 2026 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 172% of any gain in the index.
If the index falls but not beyond 50%, 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.
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| Issue: | Market-linked securities – leveraged upside participation and contingent downside
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| Underlying index: | Dow Jones industrial average
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| Amount: | $5.3 million
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| Maturity: | April 6, 2026
|
| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 172% of any gain in the index; par if index falls by up to 50%; otherwise, 1% loss for every 1% decline
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| Initial level: | 21636.78
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| Barrier level: | 10818.39, or 50% of initial level
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| Pricing date: | March 27
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| Settlement date: | April 3
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 1.62%
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| Cusip: | 95001HHL8
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