New Issue: Wells Fargo prices $2.11 million enhanced return notes linked to basket

By Kiku Steinfeld

Chicago, March. 4 – Wells Fargo Finance LLC priced $2.11 million of 0% enhanced return securities with capped upside and 1-to-1 downside exposure due Aug. 30, 2021 linked to a unequally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus 400% of any basket gain, subject to a maximum return of $1,296 per $1,000 of notes.

Investors will lose 1% for each 1% decline of the index from its initial level.

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:	Enhanced return securities with capped upside and 1-to-1 downside exposure
Underlying basket:	Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (19% weight), Swiss Market (10% weight) and S&P/ASX 200 (8% weight)
Amount:	$2,108,000
Maturity:	Aug. 30, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 400% of any basket gain, up to $1,296 per $1,000 note; 1% loss for each 1% decline of index from its initial level
Initial levels:	3,577.68 for Euro Stoxx, 1,606.17 for Topix, 7,042.47 for FTSE, 10,512.15 for Swiss Market, 6,708.103 for S&P/ASX
Pricing date:	Feb. 26
Settlement date:	March 4
Agent:	Wells Fargo Securities, LLC
Fees:	1.51%
Cusip:	95001HFE6

© 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.