New Issue: Wells Fargo prices $8.65 million digital securities linked to S&P Banks

By Angela McDaniels

Tacoma, Wash., Sept. 16 – Wells Fargo & Co. priced $8.65 million of 0% digital securities with buffered downside due April 18, 2018 linked to the S&P Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to zero, the payout at maturity will be $1,167.50 per $1,000 principal amount of notes. If the index return is negative but not below negative 10%, the payout will be par. Otherwise, investors will lose 1.1111% for every 1% decline in the index beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Digital securities with buffered downside
Underlying index:	S&P Banks Select Industry
Amount:	$8,652,000
Maturity:	April 18, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to zero, $1,167.50 per $1,000 principal amount of notes; if index return is negative but not below negative 10%, par; otherwise, 1.1111% loss for every 1% decline in index beyond 10%
Initial index level:	732.13
Pricing date:	Sept. 13
Settlement date:	Sept. 20
Agent:	Wells Fargo Securities, LLC
Fees:	1.67%
Cusip:	94986RV73

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