New Issue: Wells Fargo sells $4.86 million capped leveraged market-linked notes on S&P

By Sarah Lizee

Olympia, Wash., Dec. 10 – Wells Fargo & Co. priced $4.86 million of 0% market linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due March 8, 2021 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 120% of any gain in the index up to a maximum payout of par plus 27%. If the index falls but not below its 80% buffer level, the payout will be par. Investors will be exposed to any losses beyond the 20% buffer.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$4,855,000
Maturity:	March 8, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120% of any gain index up to maximum of par plus 27%; par if index falls by up to 20%; 1% loss for every 1% decline beyond 20%
Initial level:	2,700.06
Buffer level:	2,160.048, 80% of initial level
Pricing date:	Dec. 4
Settlement date:	Dec. 7
Agent:	Wells Fargo Securities LLC
Fees:	0.6%
Cusip:	95001BBJ2

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