By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – Wells Fargo Finance LLC priced $1.88 million of 0% market-linked securities with leveraged upside participation to a cap and 1-to-1 downside exposure due March 31, 2021 linked to an equally-weighted basket of financial sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The basket consists of the common stocks of Citigroup Inc., Morgan Stanley and JPMorgan Chase & Co.
The payout at maturity will be par plus 300% of any basket gain, subject to a 21.9% maximum gain.
Investors will lose 1% for every 1% decline.
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 with leveraged upside participation to a cap and 1-to-1 downside exposure due
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Underlying basket: | Citigroup Inc., Morgan Stanley and JPMorgan Chase & Co.; equal weights
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Amount: | $1.88 million
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Maturity: | March 31, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any basket gain, subject to 21.9% maximum gain; 1% loss for every 1% decline
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Initial levels: | $77.24 for Citi, $54.02 for Morgan Stanley, $134.43 for JPMorgan
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Pricing date: | Jan. 28
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Settlement date: | Jan. 31
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Agent: | Wells Fargo Securities, LLC
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Fees: | 2.25%
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Cusip: | 95001HE31
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