By Sarah Lizee
Olympia, Wash., May 2 – Wells Fargo Finance LLC priced $5.14 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due May 2, 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 34%.
If the fund declines by up to 15%, 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 – leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying asset: | Invesco DB Commodity Index Tracking fund
|
| Amount: | $5,135,000
|
| Maturity: | May 2, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain in the fund, capped at par plus 34%; if the fund declines by up to 15%, par; otherwise, investors will lose 1% for each 1% decline beyond the buffer
|
| Initial level: | $16.09
|
| Pricing date: | April 30
|
| Settlement date: | May 7
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 2.62%
|
| Cusip: | 95001H5B3
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
