New Issue: Wells sells $403,000 leveraged market-linked notes on Russell 2000

By Sarah Lizee

Olympia, Wash., March 26 – Wells Fargo Finance LLC priced $403,000 of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due March 29, 2023 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 finishes above its initial level, the payout at maturity will be par plus 1.5 times the index return, up to a maximum gain of 33%.

If the index falls by up to 20%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the index beyond 20%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Russell 2000
Amount:	$403,000
Maturity:	March 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above its initial level, par plus 1.5 times the index return, up to a maximum gain of 33%; if the index falls by up to 20%, par; otherwise, 1% loss for every 1% decline of the index beyond 20%
Initial level:	1,505.923
Threshold level:	1,204.7384, 80% of initial level
Pricing date:	March 22
Settlement date:	March 29
Agent:	Wells Fargo Securities LLC
Fees:	3.15%
Cusip:	95001H3E9

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