New Issue: Wells Fargo prices $626,000 access securities on SPDR S&P 500 ETF trust

By Toni Weeks

San Luis Obispo, Calif., Dec. 23 - Wells Fargo & Co. priced $626,000 of 0% access securities with upside participation and contingent downside due Dec. 22, 2016 linked to the SPDR S&P 500 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if the fund closes below the threshold level, 63% of the initial level, on any trading day during the life of the notes.

If the fund return is zero or positive, the payout at maturity will be par plus the fund return. If the fund return is negative, the payout will be par unless a knock-in event has occurred, in which case investors will be fully exposed to any losses.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Access securities with upside participation and contingent downside
Underlying ETF:	SPDR S&P 500 ETF trust
Amount:	$626,000
Maturity:	Dec. 22, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is zero or positive, par plus fund return; if fund return is negative and knock-in event has not occurred, par; if fund return is negative and knock-in event has occurred, exposure to any losses
Initial share price:	$181.50
Threshold level:	$114.345, 63% of initial level
Pricing date:	Dec. 19
Settlement date:	Dec. 24
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986RSJ1

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