New Issue: Wells Fargo prices $5.56 million digital securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 3 – Wells Fargo & Co. priced $5.56 million of 0% digital securities with buffered downside 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 return is at least negative 10%, the payout at maturity will be par plus 11%. If the index declines by more than 10%, investors will lose 1.1111% for every 1% decline in the index beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Digital securities with buffered downside
Underlying index:	S&P 500
Amount:	$5,555,000
Maturity:	April 6, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 10%, $1,110 per $1,000 principal amount of notes; if index declines by more than 10%, 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	2,099.06
Pricing date:	May 27
Settlement date:	June 6
Agent:	Wells Fargo Securities, LLC
Fees:	1.87%
Cuisp:	94986RN23

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