New Issue: Wells Fargo sells $6.57 million buffered enhanced return securities on Russell

By Sarah Lizee

Olympia, Wash., Feb. 25 – Wells Fargo Finance LLC priced $6.57 million of buffered enhanced return securities with capped upside and buffered downside due Feb. 23, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Wells Fargo & Co.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum payment of $1,136.50 per $1,000 of notes. Investors will receive par if the index falls by up to 15% and lose 1.1765% for every 1% decline in the index beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Buffered enhanced return securities with capped upside and buffered downside
Underlying index:	Russell 2000
Amount:	$6,571,000
Maturity:	Feb. 23, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return, subject to maximum payment of $1,136.50 per $1,000 of notes; par if index falls by up to buffer; 1.1765% loss for every 1% decline in index beyond buffer
Initial index level:	1,683.522
Buffer level:	1,430.9937, 85% of initial level
Pricing date:	Feb. 18
Settlement date:	Feb. 25
Agent:	Wells Fargo Securities, LLC
Fees:	2%
Cusip:	95001HF48

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