New Issue: Wells Fargo prices $9.7 million of digital securities linked to S&P 500

By Susanna Moon

Chicago, Jan. 31 – Wells Fargo & Co. priced $9.7 million of 0% digital securities with buffered downside due Feb. 8, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 87.5% threshold level, the payout at maturity will be the maximum settlement amount of $1,135.70 for each $1,000 principal amount.

Otherwise, the investors will lose 1.1429% for every 1% decline beyond 12.5%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Digital securities with buffered downside
Underlying index:	S&P 500
Amount:	$9,703,000
Maturity:	Feb. 8, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If return is at least negative 12.5%, par plus 13.57%; if index falls by more than 12.5%, 1.1429% loss per 1% decline beyond 12.5%
Initial level:	2,296.68
Barrier level:	2,009.595, 87.5% of initial level
Pricing date:	Jan. 26
Settlement date:	Feb. 2
Agent:	Wells Fargo Securities LLC
Fees:	None
Cusip:	94986R3V1

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