By Angela McDaniels
Tacoma, Wash., Nov. 1 – Wells Fargo Finance LLC priced $488,000 of 0% market-linked securities with leveraged upside participation and contingent downside due Nov. 8, 2021 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 105% of the index return.
If the final index level is less than or equal to the initial index level but greater than or equal to the threshold level, 85% 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 from its initial level.
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 and contingent downside
|
| Underlying index: | S&P 500
|
| Amount: | $488,000
|
| Maturity: | Nov. 8, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 105% of index 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 from initial level
|
| Initial level: | 3,046.77
|
| Threshold level: | 2,589.7545, or 85% of initial levels
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 6
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 1.825%
|
| Cusip: | 95001HB42
|
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