New Issue: Wells Fargo prices $2.35 million market-linked autocalls on index, fund

By Susanna Moon

Chicago, June 15 – Wells Fargo & Co. priced $2.35 million of market-linked securities due June 18, 2020 – autocallable and buffered downside with multiplier linked to the lesser performing of the iShares MSCI EAFE ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized premium of 9% if each asset closes at or above its initial level on any observation date after six months.

The payout at maturity will be par unless either asset finishes falls by more than 20%, in which case the payout will be par plus the return of the worse performing asset with 1.25% loss per 1% decline beyond 20%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market linked securities – autocallable and buffered downside with multiplier
Underlying assets:	iShares MSCI EAFE ETF, Russell 2000 index
Amount:	$2,347,000
Maturity:	June 18, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either asset falls by more than 20%, in which case 1.25% loss per 1% decline of worst performing asset beyond 20%
Call:	At par plus 9% annualized if each asset closes at or above its initial level on call date after six months
Initial levels:	$70.51 for fund, 1,676.537 for Russell
Downside thresholds:	$56.408 for fund, 1,341.2296 for Russell; 80% of initial levels
Pricing date:	June 13
Settlement date:	June 18
Agent:	Wells Fargo Securities LLC
Fees:	0.05%
Cusip:	95001B4S0

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