By Sarah Lizee
Olympia, Wash., Dec. 16 – Wells Fargo Finance LLC priced $250,000 of 0% market linked securities – autocallable with one-to-one downside exposure due Dec. 8, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The notes will be called at par plus a 7% annualized premium if the index closes at or above its initial level on any annual call observation date.
If the index finishes greater than or equal to the starting level, the payout will be par plus the greater of 21% and the return of the index.
If the index declines, investors will lose 1% for each 1% decline of the index.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
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| Guarantor: | Wells Fargo & Co.
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| Issue: | Market linked securities – autocallable with one-to-one downside exposure
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| Underlying index: | S&P 500
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| Amount: | $250,000
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| Maturity: | Dec. 8, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes greater than or equal to the starting level, par plus the greater of 21% and the return of the index; otherwise, 1% loss for each 1% decline of the index.
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| Call: | At par plus 7% annualized call premium if index closes at or above initial level on any annual call observation date
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| Initial level: | 3,140.52
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| Pricing date: | Nov. 27
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| Settlement date: | Dec. 3
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| Agent: | Wells Fargo Securities LLC
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| Fees: | 3.1%
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| Cusip: | 95001HD32
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