New Issue: Wells Fargo sells $500,000 market-linked contingent notes S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Dec. 24 – Wells Fargo Finance LLC priced $500,000 of 0% market-linked securities due June 22, 2021 – with contingent fixed return and contingent downside linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Wells Fargo & Co.

If each index finishes at or above 85% of its initial level, the payout at maturity will be par plus 9.25%.

Otherwise, the payout will be par plus the return of the worst performing index with full exposure to any losses.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Market linked securities – with contingent fixed return and contingent downside
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$500,000
Maturity:	June 22, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 9.25% unless either index falls by more than 15%, in which case 1% loss per 1% decline of worst performing index from initial level
Initial levels:	3,191.45 for S&P, 1,649.939 for Russell
Downside thresholds:	2,712.7325 for S&P, 1,402.44815 for Russell, 85% of initial levels
Pricing date:	Dec. 17
Settlement date:	Dec. 20
Agent:	Wells Fargo Securities LLC
Fees:	0%
Cusip:	95001HDG3

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