By Sarah Lizee
Olympia, Wash., Feb. 12 – Wells Fargo Finance LLC priced $2.52 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 9, 2021 linked to an index basket, according to a 424B2 filing 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.
The payout at maturity will be par plus 125% of any basket gain, subject to a 15% maximum gain.
Investors will receive par if the basket falls by up to 10% and will otherwise lose 1% for every 1% decline beyond 10%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying basket: | Euro Stoxx 50 index with a 60% weight and the S&P 500 index with a 40% weight
|
| Amount: | $2,519,000
|
| Maturity: | Aug. 9, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any basket gain, subject to 15% maximum gain; par if the basket falls by up to 10%; otherwise 1% loss for every 1% decline beyond buffer
|
| Initial levels: | 3,640.91 for Stoxx, 3,225.52 for S&P
|
| Buffer level: | 90% of initial basket level
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 7
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 1.575%
|
| Cusip: | 95001HDL2
|
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