New Issue: Wells Fargo prices $4.06 million 1% growth securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 5 - Wells Fargo & Co. priced $4.06 million of 1% growth securities with leveraged upside participation to a cap and fixed percentage buffered downside due March 7, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually.

The payout at maturity will be par plus 1.5 times the index return if the index return is positive, subject to a maximum payout of 152% of par. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Growth securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$4,056,000
Maturity:	March 7, 2018
Coupon:	1%, payable semiannually
Price:	Par
Payout at maturity:	Par plus 1.5 times index return if index return is positive, subject to maximum payout of 152% of par; par if index declines by 15% or less; 1% loss for every 1% that index declines beyond 15%
Initial index level:	1,406.58
Pricing date:	Aug. 31
Settlement date:	Sept. 10
Underwriter:	Wells Fargo Securities, LLC
Fees:	2.5%
Cusip:	94986RLB5

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