New Issue: Wells Fargo prices $5.64 million enhanced return notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 4 – Wells Fargo Finance LLC priced $5.64 million of 0% enhanced return securities with capped upside and 1-to-1 downside exposure due May 27, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index’s final level is greater than the initial level, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,165 per $1,000 principal amount of notes. Investors will lose 1% for every 1% index decline.

The notes are guaranteed by Wells Fargo & Co.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Enhanced return securities with capped upside and 1-to-1 downside exposure
Underlying index:	S&P 500
Amount:	$5,635,000
Maturity:	May 27, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index’s final level is greater than initial level, par plus 200% of index return, subject to maximum settlement amount of $1,165 per $1,000 principal amount of notes; 1% loss for every 1% that index may decline
Initial level:	3,370.29
Pricing date:	Feb. 25
Settlement date:	March 3
Agent:	Wells Fargo Securities, LLC
Fees:	1.25%
Cusip:	95001HFD8

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