By Wendy Van Sickle
Columbus, Ohio, April 25 – Wells Fargo Finance LLC priced $2.8 million of 0% market-linked securities – leveraged upside participation to a cap and buffered downside with multiplier due July 22, 2020 linked to the iShares MSCI EAFE 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 150% of any gain in the fund, capped at par plus 13.2%.
If the fund falls but not beyond 20%, the payout will be par.
Otherwise, investors will lose 1.25% 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 buffered downside with multiplier
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $2.8 million
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| Maturity: | July 22, 2020
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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 fund, capped at par plus 13.2%; par if fund falls by up to 20%; otherwise, 1.25% loss for every 1% decline beyond the buffer
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| Initial level: | $66.52
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| Buffer level: | $53.216, 80% of initial level
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| Pricing date: | April 17
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| Settlement date: | April 23
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| Agent: | Wells Fargo Securities LLC
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| Fees: | 0%
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| Cusip: | 95001H4X6
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