New Issue: Wells Fargo prices $7.3 million leveraged buffered notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 2 – Wells Fargo & Co. priced $7.3 million of 0% equity-linked securities with leveraged upside participation to a cap and buffered downside with multiplier due Feb. 1, 2019 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 150% of the gain, subject to a maximum return of 19.45%. Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Equity-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$7.3 million
Maturity:	Feb. 1, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, up to 19.45% maximum return; par if index declines by 20% or less; 1.25% loss for every 1% that index may decline beyond 20%
Initial index level:	2,296.68
Threshold level:	1,837.344, 80% of initial level
Pricing date:	Jan. 27
Settlement date:	Feb. 1
Agent:	Wells Fargo Securities LLC
Fees:	None
Cusip:	94986R4A6

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