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Published on 10/4/2019 in the Prospect News Structured Products Daily.

New Issue: Wells prices $10.59 million Leveraged Index Return notes on index basket

By Sarah Lizee

Olympia, Wash., Oct. 4 – Wells Fargo Finance LLC priced $10.59 million of 0% Leveraged Index Return Notes due Sept. 24, 2021 linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Wells Fargo & Co.

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

The payout at maturity will be par plus 135.7% of any basket gain.

Investors will receive par if the basket falls by up to 10% and will be exposed to losses beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:Wells Fargo Finance LLC
Guarantor:Wells Fargo & Co.
Issue:Leveraged Index Return Notes
Underlying basket:Euro Stoxx 50 (40% weight), FTSE 100 and Nikkei Stock (20% weight each), Swiss Market and S&P/ASX 200 (7.5% weight each) and Hang Seng (5% weight)
Amount:$10,589,190
Maturity:Sept. 24, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 135.7% of any basket gain; par if basket falls by up to 10%; exposure to losses beyond 10%
Initial index levels:3,532.18 for Stoxx, 7,351.08 for FTSE, 22,048.24 for Nikkei, 10,010.71 for Swiss, 6,677.581 for S&P/ASX, 26,041.93 for Hang Seng
Pricing date:Sept. 26
Settlement date:Oct. 3
Agent:BofA Merrill Lynch
Fees:2%
Cusip:95002W859

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