By Wendy Van Sickle
Columbus, Ohio, June 5 – Wells Fargo Finance LLC priced $5.68 million of 0% market-linked securities – leveraged upside participation to a cap and buffered downside with multiplier due Jan. 5, 2021 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 1.5 times any gain in the index, up to par plus 15.3%.
If the index falls but not beyond 20%, the payout will be par.
Otherwise, investors will lose 1.25% for each 1% decline beyond 20%.
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 buffered downside with multiplier
|
| Underlying index: | S&P 500
|
| Amount: | $5,675,000
|
| Maturity: | Jan. 5, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any gain index, up to par plus 15.3%; par if index falls by up to 20%; otherwise, 1.25% loss for every 1% decline beyond 20%
|
| Initial level: | 2,788.86
|
| Barrier level: | 2,226.416, 80% of initial level
|
| Pricing date: | May 30
|
| Settlement date: | June 4
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 0%
|
| Cusip: | 95001H3T6
|
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