By Sarah Lizee
Olympia, Wash., May 30 – Wells Fargo Finance LLC priced $1.2 million of 0% market-linked securities – leveraged upside participation to a cap with contingent absolute return and contingent downside due May 31, 2022 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 125% of any gain in the index, capped at par plus 48%.
If the index falls but not beyond 20%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for each 1% decline.
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 with contingent absolute return and contingent downside
|
| Underlying index: | S&P 500
|
| Amount: | $1,199,000
|
| Maturity: | May 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any gain index, capped at par plus 48%; par plus the absolute value of the index return if index falls by up to 20%; otherwise, 1% loss for every 1% decline
|
| Initial level: | 2,826.06
|
| Barrier level: | 2,260.848, 80% of initial level
|
| Pricing date: | May 24
|
| Settlement date: | May 31
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 95001H5D9
|
© 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.
