By Sarah Lizee
Olympia, Wash., Nov. 12 – Wells Fargo Finance LLC priced $18.62 million of 0% absolute return trigger notes due Nov. 3, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
A barrier event occurs if the closing level of the index is above or at its initial level by more than 19.3% or below its initial level by more than 19.3% on any day during the life of the notes.
If a barrier event has occurred, the payout at maturity will be par.
If a barrier event has not occurred, the payout will be par plus the absolute value of the index return.
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: | Absolute return trigger notes
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| Underlying index: | S&P 500
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| Amount: | $18.62 million
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| Maturity: | Nov. 3, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index closes within upper barrier and lower barrier during life of notes, par plus absolute value of index return; otherwise, par
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| Initial index level: | 3,066.91
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| Lower barrier: | 80.7% of initial level
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| Upper barrier: | 119.3% of initial level
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| Pricing date: | Nov. 1
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| Settlement date: | Nov. 8
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| Agent: | Wells Fargo Securities, LLC
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| Fees: | 1.47%
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| Cusip: | 95001HBY6
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