New Issue: Wells prices $1.06 million market-linked notes with partial upside participation on S&P

By Sarah Lizee

Olympia, Wash., Dec. 6 – Wells Fargo & Co. priced $1.06 million of 0% market-linked securities with partial upside participation and partial principal return at maturity due Dec. 3, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 79% of the index return. Investors will be exposed to losses, subject to a minimum payout at maturity of $950 per $1,000 security.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market linked securities with partial upside participation and partial principal return at maturity
Underlying index:	S&P 500
Amount:	$1,055,000
Maturity:	Dec. 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above its initial level, par plus 79% of the index return; exposure to losses, subject to minimum payout at maturity of $950 per $1,000 security
Initial level:	2,760.17
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agent:	Wells Fargo Securities LLC
Fees:	1%
Cusip:	95001BBA1

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