New Issue: Wells Fargo prices $4.14 million enhanced return notes on S&P 500

By Marisa Wong

Morgantown, W.Va., March 8 – Wells Fargo & Co. priced $4.14 million of enhanced return securities with capped upside and 1-to-1 downside exposure due Sept. 7, 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 300% of the index return, subject to a maximum payment of par plus 16.56%. Investors will be fully exposed to any index decline.

The agent is Wells Fargo Securities, LLC.

Issuer:	Wells Fargo & Co.
Issue:	Enhanced return securities with capped upside and 1-to-1 downside exposure
Underlying index:	S&P 500
Amount:	$4,139,000
Maturity:	Sept. 7, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to maximum payment of par plus 16.56%; 1% loss for every 1% decline
Initial index level:	2,381.92
Pricing date:	March 2
Settlement date:	March 9
Agent:	Wells Fargo Securities, LLC
Fees:	1.33%
Cusip:	94986R4R9

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