New Issue: Wells Fargo prices $8.94 million buffered enhanced return securities linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Aug. 16 – Wells Fargo & Co. priced $8.94 million of buffered enhanced return securities with capped upside and buffered downside due June 15, 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 200% of the index return, subject to a maximum payment of par plus 15.2%. Investors will receive par if the index falls by up to 10% and lose 1.1111% for every 1% decline in the index beyond 10%

The agent is Wells Fargo Securities.

Issuer:	Wells Fargo & Co.
Issue:	Buffered enhanced return securities with capped upside and buffered downside
Underlying stock:	S&P 500 Index
Amount:	$8,944,000
Maturity:	June 15, 2018
Coupon:	0%
Price:	Par of 100
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to maximum payment of par plus 15.2%; par if index falls by up to 10%; 1.1111% loss for every 1% decline in index beyond 10%
Initial index level:	2,184.05
Pricing date:	Aug. 12
Settlement date:	Aug. 19
Agents:	Wells Fargo Securities
Fees:	1.87%
Cusip:	94986RT27

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