New Issue: Wells Fargo sells $3.69 million market-linked notes on Russell 2000

By Marisa Wong

Morgantown, W.Va., May 15 – Wells Fargo & Co. priced $3.69 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due May 5, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 130% of any index gain, subject to a maximum return of 37%.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Russell 2000 index
Amount:	$3,694,000
Maturity:	May 5, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% of any index gain, return capped at 37%; par if the index falls by up to 15%; 1% loss for each 1% decline beyond 15%
Initial level:	1,400.428
Threshold level:	1,190.3638, 85% of initial level
Pricing date:	April 28
Settlement date:	May 5
Agent:	Wells Fargo Securities LLC
Fees:	2.325%
Cusip:	94986R5G2

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