By Wendy Van Sickle
Columbus, Ohio, Aug. 6 – Wells Fargo Finance LLC priced $1.22 million of 0% market-linked securities – upside participation with averaging and principal return at maturity due Feb. 6, 2025 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.
The payout at maturity will be par plus 1.02 times any gain in the average ending level of the index.
The average ending level will be the average of the index closing levels on the 30th day of each January, April, July and October, commencing October 2019 and ending October 2024.
Otherwise, the payout will be par.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked securities –upside participation with averaging and principal return at maturity
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,218,000
|
| Maturity: | Feb. 6, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.02 times any gain in the average ending level of the index; otherwise, par
|
| Initial level: | 2,980.38
|
| Average ending level: | Closing levels on the 30th day of each January, April, July and October, commencing October 2019 and ending October 2024
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 7
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 2.62%
|
| Cusip: | 95001H6T3
|
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