New Issue: Wells Fargo prices $2.43 million digital notes linked to Russell 2000

By Susanna Moon

Chicago, Aug. 5 – Wells Fargo & Co. priced $2.43 million of 0% digital securities with buffered downside due July 6, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 85% threshold level, the payout at maturity will be the maximum settlement amount of $1,107.10 for each $1,000 principal amount.

If the index falls by more than 15%, investors will lose 1.1765% for each 1% decline beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Digital securities with buffered downside
Underlying index:	Russell 2000
Amount:	$2,425,000
Maturity:	July 6, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 15%, par plus 10.71%; otherwise, 1.1765% loss per 1% drop beyond 15%
Initial level:	1,219.125
Threshold:	1,036.256, 85% of initial level
Pricing date:	Aug. 1
Settlement date:	Aug. 8
Agent:	Wells Fargo Securities, LLC
Fees:	1.92%
Cuisp:	94986RS36

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