By Sarah Lizee
Olympia, Wash., May 30 – Wells Fargo Finance LLC priced $3.2 million of 0% market-linked securities – leveraged upside participation and fixed percentage buffered downside due May 31, 2022 linked to the Euro Stoxx 50 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 141% of any gain in the index.
If the index falls but not beyond 25%, 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 and fixed percentage buffered downside
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3,198,000
|
| Maturity: | May 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 141% of any gain index; par if index falls by up to 25%; otherwise, 1% loss for every 1% decline beyond the buffer
|
| Initial level: | 3,350.70
|
| Buffer level: | 2,513.025, 75% of initial level
|
| Pricing date: | May 24
|
| Settlement date: | May 31
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 2.9%
|
| Cusip: | 95001H5E7
|
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