New Issue: Wells Fargo prices $2.94 million leveraged buffered notes on S&P index

By Devika Patel

Knoxville, Tenn., March 17 – Wells Fargo & Co. priced $2.94 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 18, 2018 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 125% of the gain, subject to a maximum return of 42.5%. Investors will receive par if the index decreases by up to 10% and will be exposed to declines beyond 10%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$2.94 million
Maturity:	Sept. 18, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any index gain, up to 42.5% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial index level:	2,015.93
Threshold level:	1,814.337, 90% of initial index level
Pricing date:	March 15
Settlement date:	March 18
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986RH61

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