By Sarah Lizee
Olympia, Wash., Oct. 3 – Wells Fargo Finance LLC priced $636,000 of 0% market-linked securities – leveraged upside participation and fixed percentage buffered downside due Sept. 27, 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 111% 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 25%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked securities – leveraged upside participation with fixed percentage buffered downside
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $636,000
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| Maturity: | Sept. 27, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 111% of any gain index; par if index falls by up to 25%; otherwise, 1% loss for every 1% decline beyond 25%
|
| Initial level: | 3,571.39
|
| Buffer level: | 2,678.5425, 75% of initial level
|
| Pricing date: | Sept. 20
|
| Settlement date: | Sept. 27
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 2.9%
|
| Cusip: | 95001HAE1
|
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