New Issue: Wells sells $542,000 market-linked notes with upside participation on S&P

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – Wells Fargo & Co. priced $542,000 of 0% market-linked securities with upside participation to a cap and partial principal return due Feb. 3, 2022 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 the index return, capped at par plus 27%.

Otherwise, investors will be exposed to the first 5% of any index decline.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities with upside participation to a cap and partial principal return
Underlying index:	S&P 500
Amount:	$542,000
Maturity:	Feb. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above its initial level, par plus the index return, capped at par plus 27%; investors will be exposed to the first 5% of any loss in the index
Initial level:	2,704.10
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	Wells Fargo Securities LLC
Fees:	1%
Cusip:	95001BBT0

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