By Sarah Lizee
Olympia, Wash., Nov. 15 – Wells Fargo Finance LLC priced $291,000 of 0% buffered enhanced return securities with capped upside and buffered downside due May 19, 2021 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF return, subject to a maximum payment of par plus 23.199%.
Investors will receive par if the ETF falls by up to 10% and lose 1.1111% for every 1% decline in the ETF beyond 10%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
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| Issue: | Buffered enhanced return securities with capped upside and buffered downside
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| Underlying ETF: | iShares MSCI Emerging Markets
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| Amount: | $291,000
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| Maturity: | May 19, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the ETF return is positive, par plus 150% of the ETF return, capped at par plus 23.199%; par if the ETF falls by up to 10%; 1.1111% loss for every 1% decline in the ETF beyond 10%
|
| Initial level: | $44.08
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| Pricing date: | Nov. 7
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| Settlement date: | Nov. 15
|
| Agents: | Wells Fargo Securities, LLC
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| Fees: | None
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| Cusip: | 95001HCF6
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