By Wendy Van Sickle
Columbus, Ohio, Oct. 8 – Wells Fargo Finance LLC priced $5.82 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 30, 2021 linked to the MSCI EAFE 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 a maximum of par plus 20%.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the index beyond 20%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
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| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying index: | MSCI EAFE
|
| Amount: | $5,818,000
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| Maturity: | Sept. 30, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.46 times any gain in the index, up to a maximum of par plus 20%; if the index falls by up to 20%, par; otherwise, 1% loss for every 1% decline of index beyond buffer
|
| Initial level: | 1,895.62
|
| Buffer price: | 1,516.496, 80% of initial level
|
| Pricing date: | Sept. 26
|
| Settlement date: | Sept. 30
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 0%
|
| Cusip: | 95001HAT8
|
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