By Wendy Van Sickle
Columbus, Ohio, Jan. 4 – Wells Fargo & Co. priced $2.69 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 4 2022 linked to a basket of ETFs, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the SPDR S&P 500 ETF Trust (50% weight); the iShares Russell 2000 ETF (15% weight); the iShares MSCI EAFE ETF (15% weight); the iShares MSCI Emerging Markets ETF (10% weight); the PowerShares DB Commodity Index Tracking fund (5% weight); and the Vanguard REIT ETF (5% weight).
The payout at maturity will be par plus 150% of any basket gain, up to a maximum return of 54%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
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| Issue: | Market-linked securities – leveraged upside participation to a cap and buffered downside
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| Basket components: | SPDR S&P 500 ETF trust (50% weight), iShares Russell 2000 ETF (15% weight); iShares MSCI EAFE ETF (15% weight); iShares MSCI Emerging Markets ETF (10% weight); PowerShares DB Commodity Index Tracking fund (5% weight); Vanguard REIT ETF (5% weight)
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| Amount: | $2.69 million
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| Maturity: | Jan. 4, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any basket gain, capped at 54%; par if basket falls by up to 15%; otherwise, 1% loss per 1% drop beyond 15%
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| Pricing date: | Dec. 29
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| Settlement date: | Jan. 4
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| Agent: | Wells Fargo Securities LLC
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| Fees: | 2.62%
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| Cusip: | 94986R3D1
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