New Issue: Wells Fargo sells $1.27 million digital securities linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 15 – Wells Fargo & Co. priced $1.27 million of 0% digital securities with buffered downside due Oct. 15, 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 90% of its initial level, the payout at maturity will be the maximum settlement amount of $1,103.80 for each $1,000 principal amount.

Otherwise, the investors will lose 1.1111% for every 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Digital securities with buffered downside
Underlying index:	S&P 500
Amount:	$1,265,000
Maturity:	Oct. 15, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If return is at least negative 10%, par plus 10.38%; if index falls by more than 10%, 1.1111% loss per 1% decline beyond 10%
Initial level:	2,723.07
Threshold level:	2,450.763, 90% of initial level
Pricing date:	May 10
Settlement date:	May 17
Agent:	Wells Fargo Securities LLC
Fees:	0%
Cusip:	95001B3V4

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