New Issue: Wells Fargo prices $285,000 access securities linked to S&P 500

By Jennifer Chiou

New York, April 1 - Wells Fargo & Co. priced $285,000 of 0% access securities with upside participation and buffered downside with multiplier due March 29, 2019 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 102.5% of the gain.

Investors will receive par if the index declines by 25% or less and will lose 1.3333% for every 1% that it declines beyond 25%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Access securities with upside participation and buffered downside
Underlying index:	S&P 500
Amount:	$285,000
Maturity:	March 29, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 102.5% of any gain; par for losses up to 25%; otherwise, exposure to losses at 1.3333% for every 1% that index declines beyond 25%
Initial level:	1,849.04
Threshold level:	1,386.78, 75% of initial level
Pricing date:	March 27
Settlement date:	March 31
Agent:	Wells Fargo Securities, LLC
Fees:	0.25%
Cusip:	94986RTH4

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