New Issue: Wells Fargo prices $1.54 million enhanced return notes tied to S&P 500

By Angela McDaniels

Tacoma, Wash., April 29 – Wells Fargo & Co. priced $1.54 million of 0% enhanced return securities with capped upside and one-to-one downside exposure due April 6, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index’s final level is greater than the initial level, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of $1,282 per $1,000 principal amount of notes. If the index’s final level is less than the initial level, investors will be exposed to the decline.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Enhanced return securities with capped upside and one-to-one downside exposure
Underlying index:	S&P 500
Amount:	$1,544,000
Maturity:	April 6, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of gain, subject to 28.2% maximum return; exposure to any index decline
Initial level:	2,095.15
Pricing date:	April 27
Settlement date:	May 4
Agent:	Wells Fargo Securities LLC
Fees:	None
Cusip:	94986RL25

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