By Sarah Lizee
Olympia, Wash., Dec. 6 – Wells Fargo Finance LLC priced $6.09 million of capped notes due Dec. 22, 2020 linked to an unequally-weighted basket of indexes, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The basket consists of the Euro Stoxx 50 index with a 60% weight and the S&P 500 index with a 40% weight.
If the basket return is positive, the payout at maturity will be par plus the basket return, capped at par plus 7.75%.
If the basket declines by up to 7.5%, the payout will be par.
If the basket declines by more than 7.5%, investors will lose 1% for every 1% decline beyond the buffer.
BofA Securities, Inc. is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Capped notes
|
| Basket components: | Euro Stoxx 50 index with a 60% weight and S&P 500 index with a 40% weight
|
| Amount: | $6,091,000
|
| Maturity: | Dec. 22, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket return is positive, par plus the basket return, capped at par plus 7.75%; if the basket declines by up to 7.5%, par; if the basket declines by more than 7.5%, 1% loss for every 1% decline beyond the buffer
|
| Initial levels: | 3,687.32 for Stoxx, 3,110.29 for S&P
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 27
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 95002W743
|
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