New Issue: Wells Fargo prices $23.41 million three-year Mitts tied to index basket

By Susanna Moon

Chicago, Jan. 3 – Wells Fargo & Co. priced $23.41 million of 0% Market Index Target-Term Securities due Dec. 17, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of 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.

The payout at maturity will be par of $10 plus any basket gain, up to a maximum return of 60.1%.

If the basket falls, the payout will be par.

BofA Merrill Lynch is the underwriter.

Issuer:	Wells Fargo & Co.
Issue:	Market Index Target-Term Securities
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) and Hang Seng (5% weight)
Amount:	$23,409,810
Maturity:	Dec. 17, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket gains, par plus return, capped at 60.1% and floor of par
Pricing date:	Dec. 20
Settlement date:	Dec. 28
Underwriter:	BofA Merrill Lynch
Fees:	2.25%
Cusip:	94988U250

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