By Wendy Van Sickle
Columbus, Ohio, June 12 – Wells Fargo Finance LLC priced $400,000 of market-linked securities due June 6, 2023 – contingent fixed return and contingent downside linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Wells Fargo & Co.
If the index gains or finishes flat, the payout will be par plus 29%.
If the index declines by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Wells Fargo Securities LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
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| Issue: | Market-linked securities – contingent fixed return and contingent downside
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| Underlying index: | S&P 500
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| Amount: | $400,000
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| Maturity: | June 6, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index gains or finishes flat, par plus 29%; if the index declines by up to 30%, par; otherwise, investors will be fully exposed to the decline of the index from its initial level
|
| Initial level: | 2,788.86
|
| Threshold level: | 1,952.202, 30% of initial level
|
| Pricing date: | May 30
|
| Settlement date: | June 6
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 2.325%
|
| Cusip: | 95001H5J6
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