New Issue: Wells Fargo prices $1.5 million access notes linked to real estate ETF

By Angela McDaniels

Tacoma, Wash., Jan. 28 - Wells Fargo & Co. priced $1.5 million of 0% access securities with upside participation to a cap and fixed percentage buffered downside due Jan. 28, 2016 linked to the iShares Dow Jones U.S. Real Estate index fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the exchange-traded fund's return is positive, the payout at maturity will be par plus the lesser of the ETF return and 31%. Investors will receive par if the ETF declines by 25% or less and will lose 1% for every 1% that it declines beyond 25%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Access securities with upside participation to a cap and fixed percentage buffered downside
Underlying ETF:	iShares Dow Jones U.S. Real Estate index fund
Amount:	$1.5 million
Maturity:	Jan. 28, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus lesser of ETF return and 31%; par if ETF declines by 25% or less; 1% for every 1% that ETF declines beyond 25%
Initial share price:	$67.81
Threshold level:	$50.86, 75% of initial share price
Pricing date:	Jan. 24
Settlement date:	Jan. 29
Agent:	Wells Fargo Securities, LLC
Fees:	0.25%
Cusip:	94986RNA5

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