New Issue: Wells Fargo sells $1.18 million capped, leveraged, buffered notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 1 – Wells Fargo & Co. priced $1.18 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due April 30, 2019 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 2 times the index gain, capped at 16%.

Investors will receive par if the index falls by up to 10% and will be exposed to the decline any index decline beyond 10%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$1,176,000
Maturity:	April 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times index gain, capped at 16%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial index level:	2,388.61
Threshold level:	2,149.749, 90% of initial level
Pricing date:	April 25
Settlement date:	April 28
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986R5R8

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