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Wells Fargo plans capped trigger gears due 2023 tied to Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Jan. 17 – Wells Fargo Finance LLC plans to price 0% capped trigger gears due Jan. 31, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 5 times any index gain, up to a maximum return of 40.5% to 44.5%.
If the index falls by up to 25%, the payout will be par.
If the index finishes below the 75% downside threshold, investors will lose 1% for every 1% decline.
UBS Financial Services Inc. and Wells Fargo Finance LLC are the agents.
The notes will be guaranteed by Wells Fargo & Co.
The notes will price on Jan. 29.
The Cusip number is 95002W685.
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