By Angela McDaniels
Tacoma, Wash., Nov. 1 – Wells Fargo Finance LLC priced $89,000 of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 3, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 28%.
If the final index level is less than or equal to the initial index level but greater than or equal to the threshold level, 90% of the initial level, the payout will be par.
If the final index level is less than the threshold level, investors will lose 1% for every 1% that the index declines beyond 10%.
The notes are guaranteed by Wells Fargo & Co.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying index: | S&P 500
|
| Amount: | $89,000
|
| Maturity: | Nov. 3, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 200% of index return, subject to 28% maximum return; if final index level is less than or equal to initial index level but greater than or equal to threshold level, par; if final index level is less than threshold level, 1% loss for every 1% that index declines beyond 10%
|
| Initial level: | 3,046.77
|
| Threshold level: | 2,742.093, or 90% of initial levels
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 4
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 0.9%
|
| Cusip: | 95001HBF7
|
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