New Issue: Wells Fargo sells $9.2 million Leveraged Index Return Notes tied to index basket

By Wendy Van Sickle

Columbus, Ohio, Aug. 28 – Wells Fargo & Co. priced $9.2 million of 0% Leveraged Index Return Notes due Aug. 26, 2022 linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

If the basket return is positive, the payout at maturity will be par plus 2.29 times the basket return.

If the basket falls by up to 10%, the payout will be par.

Investors will lose 1% for each 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Leveraged Index Return Notes
Underlying indexes:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei Stock Average (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight), Hang Seng (5% weight)
Amount:	$9,195,130
Maturity:	Aug. 26, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 229% of any basket gain; par if basket falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
Initial index levels:	3,444.73 for Euro Stoxx, 7,407.06 for FTSE, 19,353.77 for Nikkei, 8,943.04 for Swiss Market, 5,745.476 for S&P/ASX, 27,581.60 for Hang Seng
Threshold level:	90% of initial level
Pricing date:	Aug. 24
Settlement date:	Aug. 31
Agent:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	94988U615

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