By Sarah Lizee
Olympia, Wash., Sept. 24 – Wells Fargo Finance LLC priced $7.85 million of 0% market-linked securities – leveraged upside participation to a cap with fixed percentage buffered downside with multiplier due June 24, 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 150% of any gain in the index, capped at par plus 16.25%.
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 with fixed percentage buffered downside with multiplier
|
| Underlying index: | S&P 500
|
| Amount: | $7.85 million
|
| Maturity: | June 24, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any gain index, capped at par plus 16.25%; par if index falls by up to 20%; otherwise, 1.25% loss for every 1% decline beyond 20%
|
| Initial level: | 3,006.73
|
| Buffer level: | 2,405.384, 80% of initial level
|
| Pricing date: | Sept. 19
|
| Settlement date: | Sept. 24
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | None
|
| Cusip: | 95001HAW1
|
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