By Sarah Lizee
Olympia, Wash., March 5 – Wells Fargo Finance LLC priced $2.61 million of 0% market linked securities – leveraged upside participation to a cap and fixed buffered downside due Sept. 7, 2021 linked to the iShares MSCI Emerging Markets ETF, 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 1.5 times any fund gain, up to a maximum return of 27%.
Investors will receive par if the fund falls by up to 15% and will be exposed to any beyond the buffer.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market linked securities – leveraged upside participation to a cap and fixed buffered downside
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $2,608,000
|
| Maturity: | Sept. 7, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, capped at 27%; par if index falls by up to 15%; otherwise, 1% loss per 1% decline beyond 15%
|
| Initial level: | $42.44
|
| Buffer level: | $36.074; 85% of initial level
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 7
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 1.825%
|
| Cusip: | 95001H2M2
|
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