By Sarah Lizee
Olympia, Wash., May 1 – Wells Fargo Finance LLC priced $200,000 of 0% market-linked securities – upside participation and fixed percentage buffered downside due April 30, 2024 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 any gain in the index.
If the index falls but not beyond 20%, 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
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked securities –upside participation and fixed percentage buffered downside
|
| Underlying index: | S&P 500
|
| Amount: | $200,000
|
| Maturity: | April 30, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain index; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond the buffer
|
| Initial level: | 2,926.17
|
| Buffer level: | 2,340.936, 80% of initial level
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 4.375%
|
| Cusip: | 95001H4Q1
|
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