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Published on 9/3/2019 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo sells $11.26 million Capped Leveraged Index Return Notes on Russell

By Wendy Van Sickle

Columbus, Ohio, Sept. 3 – Wells Fargo Finance LLC priced $11.26 million of 0% Capped Leveraged Index Return Notes due Aug. 27, 2021 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, capped at 15.82%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

The notes are guaranteed by Wells Fargo & Co.

BofA Merrill Lynch is the agent.

Issuer:Wells Fargo Finance LLC
Guarantor:Wells Fargo & Co.
Issue:Capped Leveraged Index Return Notes
Underlying index:Russell 2000
Amount:$11,255,420
Maturity:Aug. 27, 2021
Coupon:0%
Price:Par
Payout at maturity:Par plus 200% of any index gain, capped at 15.82%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial value:1,496.72
Buffer value:1,347.048, 90% of initial value
Pricing date:Aug. 29
Settlement date:Sept. 6
Agent:BofA Merrill Lynch
Fees:2%
Cusip:95002W602

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