New Issue: Wells Fargo sells $4.5 million buffered enhance return notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, April 5 – Wells Fargo & Co. priced $4.5 million of 0% buffered enhanced return securities with capped upside and buffered downside due Oct. 5, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $1,000 plus triple the index return, subject to a maximum settlement amount of $1,149.40 per $1,000 of notes.

Investors will receive par if the index declines by 5% or less and will lose 1.0526% for every 1% decline beyond 5%.

Issuer:	Wells Fargo & Co.
Issue:	Buffered enhanced return securities with capped upside and buffered downside
Underlying index:	S&P 500
Amount:	$4.5 million
Maturity:	Oct. 5, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any index gain, capped at 14.94%; par if index falls by 5% or less; 1.0526% loss per 1% decline beyond 5%
Initial level:	2,072.78
Buffer level:	1,969.141, or 95% of initial level
Pricing date:	April 1
Settlement date:	April 8
Agent:	Wells Fargo Securities, LLC
Fees:	1.33%
Cusip:	94986RJ44

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