By Wendy Van Sickle
Columbus, Ohio, March 28 – Wells Fargo Finance LLC priced $8.68 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due March 31, 2021 linked to the S&P 500 index, 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 150% of any gain in the index up to a maximum payout of $1,200 per $1,000 of notes.
If the index falls but not beyond 16%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond the buffer.
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 – leveraged upside participation to a cap and fixed percentage buffered downside
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| Underlying index: | S&P 500
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| Amount: | $8.68 million
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| Maturity: | March 31, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any gain index, up to a maximum of $1,200 per $1,000 of notes; par if index falls by up to 16%; otherwise, 1% loss for every 1% decline beyond the buffer
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| Initial level: | 2,818.46
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| Buffer level: | 2,367.5064, 84% of initial level
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| Pricing date: | March 26
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| Settlement date: | March 29
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| Agent: | Wells Fargo Securities LLC
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| Fees: | 0%
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| Cusip: | 95001H3W9
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