New Issue: Wells Fargo prices $1.1 million 2.26% access securities linked to iShares U.S. Real Estate

By Angela McDaniels

Tacoma, Wash., Oct. 16 - Wells Fargo & Co. priced $1.1 million of 2.26% access securities with upside participation to a cap and fixed percentage buffered downside due Oct. 19, 2016 linked to the iShares U.S. Real Estate exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If the ETF's return is positive, the payout at maturity will be par plus the lesser of the ETF return and 10%. Investors will receive par if the ETF declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

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 U.S. Real Estate ETF
Amount:	$1,099,000
Maturity:	Oct. 19, 2016
Coupon:	2.26%, payable quarterly
Price:	Par
Payout at maturity:	If ETF's return is positive, par plus lesser of ETF return and 10%; par if ETF declines by 15% or less; 1% loss for every 1% that it declines beyond 15%
Initial share price:	$65.21
Pricing date:	Oct. 14
Settlement date:	Oct. 17
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986RRQ6

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