New Issue: Wells Fargo prices $70,000 market-linked autocalls on S&P, Stoxx, Russell

By Wendy Van Sickle

Columbus, Ohio, March 6 – Wells Fargo & Co. priced $70,000 of market-linked securities due March 6, 2025 – autocallable with contingent downside to the least performing of the Russell 2000 index, the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized premium of 10% if each index closes at or above its initial level on any annual observation date.

The payout at maturity will be par unless any index finishes falls by more than 30%, in which case the payout will be par plus the return of the worst performing index.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market linked securities – autocallable with contingent downside Underlying indexes:	Russell 2000 index, Euro Stoxx 50 index, S&P 500 index
Amount:	$70,000
Maturity:	March 6, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index falls by more than 30%, in which case 1% loss per 1% decline of worst performing index from initial level
Call:	At par plus 10% annualized if each index closes at or above its initial level on any annual call date
Initial levels:	1,571.897 for Russell, 3,572.51 for Stoxx 3,128.21 for S&P
Downside thresholds:	1,100.329 for Russell, 2,500.757 for Stoxx 2,189.757 for S&P, 70% of initial levels
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Agent:	Wells Fargo Securities LLC
Fees:	4.125%
Cusip:	95001HEZ0

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