By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – Wells Fargo Finance LLC priced $4.02 million of market-linked securities—leveraged upside participation to a cap and fixed percentage buffered downside due July 6, 2021 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 125% of the basket return, capped at par plus 15%.
If the basket declines by up to 10%, the payout will be par.
If the basket declines by more than 10%, 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: | Market-linked securities—leveraged upside participation to a cap and fixed percentage buffered downside
|
| Basket components: | Euro Stoxx 50 index with a 60% weight and S&P 500 index with a 40% weight
|
| Amount: | $4,022,000
|
| Maturity: | July 6, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket return is positive, par plus 125% of the basket return, capped at par plus 15%; if the basket declines by up to 10%, par; if the basket declines by more than 10%, 1% loss for every 1% decline beyond the buffer
|
| Initial levels: | 3,782.27 for Stoxx, 3,240.02 for S&P
|
| Pricing date: | Dec. 27
|
| Settlement date: | Jan. 6
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 1.575%
|
| Cusip: | 95001HCW9
|
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