New Issue: Wells prices $505,000 contingent market-linked notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., April 8 – Wells Fargo Finance LLC priced $505,000 of 0% market-linked securities due April 4, 2022 – contingent fixed return and fixed percentage buffered downside linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Wells Fargo & Co.

If each index finishes at or above its initial level, the payout will be par plus 28%.

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

Otherwise, investors will be exposed to the decline of the lesser performing index beyond 10%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Market-linked securities – contingent fixed return and fixed percentage buffered downside
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$505,000
Maturity:	April 4, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 28%; if either index falls by up to 10%, par; otherwise, investors will be exposed to the decline of the lesser performing index beyond 10%
Initial levels:	2626.65 for S&P, 1158.317 for Russell
Buffer level:	2363.985 for S&P, 1042.4853 for Russell, 90% of initial level
Pricing date:	March 30
Settlement date:	April 2
Agent:	Wells Fargo Securities LLC
Fees:	0.9%
Cusip:	95001HHR5

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