By Sarah Lizee
Olympia, Wash., Oct. 8 – Wells Fargo Finance LLC priced $2.03 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 3, 2024 linked to the S&P 500 Value 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 125% of any gain in the index, capped at par plus 75%.
If the index falls but not beyond 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying index: | S&P 500 Value
|
| Amount: | $2,034,000
|
| Maturity: | Oct. 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any gain index capped at par plus 75%; par if index falls by up to 15%; otherwise, 1% loss for every 1% decline beyond 15%
|
| Initial level: | 1,176.919
|
| Buffer level: | 1,000.38115, 85% of initial level
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 3
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 2.62%
|
| Cusip: | 95001HAB7
|
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