New Issue: Wells Fargo prices $6.97 million market-linked securities on S&P 500

By Jennifer Chiou

New York, March 24 – Wells Fargo & Co. priced $6,971,000 of 0% market-linked securities with upside participation and contingent minimum return and contingent downside due March 29, 2021 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 the gain and the contingent minimum return of 42%.

Investors will receive par for losses of up to 30% and will share fully in losses if the index declines beyond 30%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities
Underlying index:	S&P 500
Amount:	$6,971,000
Maturity:	March 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus greater of the gain and the 42% contingent minimum return; par for losses of up to 30%; full exposure to losses if index declines beyond 30%
Initial index level:	2,108.10
Threshold level:	1,475.67, 70% of initial level
Pricing date:	March 20
Settlement date:	March 27
Agent:	Wells Fargo Securities LLC
Fees:	3.25%
Cusip:	94986RWC1

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