New Issue: Wells Fargo sells $355,000 market-linked notes tied to S&P 500

By Tali Rackner

Minneapolis, April 6 – Wells Fargo & Co. priced $355,000 of 0% market-linked securities with leveraged upside participation and contingent downside due April 4, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.25 times the index gain.

Investors will receive par if the index falls by up to 30% and will be fully exposed to the decline if it falls by more than 30%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities with leveraged upside participation and contingent downside
Underlying index:	S&P 500
Amount:	$355,000
Maturity:	April 4, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times index gain; par if index declines by 30% or less; otherwise, 1% loss for every 1% that index declines from initial level
Initial index level:	2,368.06
Threshold level:	1,657.642, 70% of initial level
Pricing date:	March 30
Settlement date:	April 4
Agent:	Wells Fargo Securities, LLC
Fees:	2.62%
Cusip:	94986R4X6

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