New Issue: Wells Fargo prices $3.46 million notes linked to S&P 500 with averaging feature

By Angela McDaniels

Tacoma, Wash., July 1 - Wells Fargo & Co. priced $3.46 million of 0% upside participation equity-linked notes due July 8, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the greater of 11% and the index return. If the index declines or is flat, the payout will be par plus 11%. The final index level will be the average of the index's closing levels on the last trading day of each March, June, September and December from September 2013 through June 2020.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Upside participation equity-linked notes
Underlying index:	S&P 500
Amount:	$3,462,000
Maturity:	July 8, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus greater of 11% and index return; if index declines or is flat, par plus 11%
Initial index level:	1,613.2
Final index level:	Average of index's closing levels on last trading day of each March, June, September and December from September 2013 through June 2020
Pricing date:	June 27
Settlement date:	July 2
Agent:	Wells Fargo Securities LLC
Fees:	1.5%
Cusip:	94986RQA2

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