By Sarah Lizee
Olympia, Wash., Aug. 21 – Wells Fargo Finance LLC priced $2.88 million of 0% market-linked securities with leveraged upside participation and fixed percentage buffered downside due Aug. 23, 2024 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 125% of the index return.
If the final index level is less than or equal to the initial index level but greater than or equal to the threshold level, 85% of the initial level, the payout will be par.
If the final index level is less than the threshold level, investors will lose 1% for every 1% that the index declines beyond 15%.
The notes are guaranteed by Wells Fargo & Co.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked securities with leveraged upside participation and fixed percentage buffered downside
|
| Underlying index: | S&P 500 Value
|
| Amount: | $2,883,000
|
| Maturity: | Aug. 23, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 125% of the index return; if final index level is less than or equal to initial index level but greater than or equal to threshold level, par; if final index level is less than threshold level, 1% loss for every 1% that index declines beyond 15%
|
| Initial level: | 1,122.6853
|
| Threshold level: | 954.282505, or 85% of initial levels
|
| Pricing date: | Aug. 16
|
| Settlement date: | Aug. 23
|
| Agent: | Wells Fargo Securities, LLC
|
| Fees: | 2.62%
|
| Cusip: | 95001HA35
|
© 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.
