By Sarah Lizee
Olympia, Wash., Dec. 6 – Wells Fargo Finance LLC priced $239,000 of 0% market-linked securities – leveraged upside participation and contingent downside due May 31, 2022 linked to the Dow Jones industrial average, 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 140% of any gain in the index.
If the index falls but not beyond 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked securities – leveraged upside participation and contingent downside
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $239,000
|
| Maturity: | May 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 140% of any gain index; par if index falls by up to 25%; otherwise, 1% loss for every 1% decline
|
| Initial level: | 27,875.62
|
| Barrier level: | 20,906.715, or 75% of initial level
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 29
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 95001HBX8
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
