By Sarah Lizee
Olympia, Wash., Feb. 28 – Wells Fargo Finance LLC priced $425,000 of 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due March 2, 2021 linked to the Vanguard Extended Market ETF, according to a 424B2 filed 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 ETF gain, up to a maximum payout of par plus 20%.
Investors will receive par if the ETF falls by up to 13% and lose 1% for each 1% decline beyond 13%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying ETF: | Vanguard Extended Market ETF
|
| Amount: | $425,000
|
| Maturity: | March 2, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any ETF gain, with payout capped at par plus 20%; par if ETF falls by up to 13%; 1% loss for every 1% drop beyond 13%
|
| Initial level: | $117.49
|
| Threshold level: | $102.2163, 87% of initial level
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Agents: | Wells Fargo Securities, LLC
|
| Fees: | None
|
| Cusip: | 95001BCL6
|
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