Wells Fargo to price leveraged market-linked notes tied to Invesco fund

By Wendy Van Sickle

Columbus, Ohio, April 25 – Wells Fargo Finance LLC plans to price 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due May 7, 2024 linked to the Invesco DB Commodity Index Tracking fund, 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 30% to 35%.

If the fund falls but not beyond 15%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline in the fund beyond the buffer.

Wells Fargo Securities, LLC is the agent.

The notes will price on April 30.

The Cusip number is 95001H5B3.

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