New Issue: Wells Fargo sells $587,000 market-linked notes with no cap on S&P

By Wendy Van Sickle

Columbus, Ohio, March 4 – Wells Fargo Finance LLC priced $587,000 of 0% market-linked notes with upside participation and fixed percentage buffered downside due March 4, 2024 linked to the S&P 500 index, 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 100% of any index gain.

Investors will receive par if the index falls by up to 40% and lose 1% for each 1% index decline beyond 40%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Market-linked notes with upside participation and fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$587,000
Maturity:	March 4, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 100% of any index gain; par if index falls by up to 40%; 1% loss for each 1% decline beyond 40%
Initial level:	2,792.38
Threshold level:	1,675.428, 60% of initial level
Pricing date:	Feb. 27
Settlement date:	March 4
Agents:	Wells Fargo Securities, LLC
Fees:	1%
Cusip:	95001H2W0

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