New Issue: Wells Fargo prices $1.03 million access securities linked to Russell

By Toni Weeks

San Luis Obispo, Calif., March 19 - Wells Fargo & Co. priced $1.03 million of 0% access securities with contingent coupon and contingent downside due March 22, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above 65% of the initial index level on a quarterly calculation day, the notes will pay an annualized coupon of 5.5%. Otherwise, no coupon will be paid for that interest period. Interest is payable quarterly.

If the index finishes at or above 65% of the initial level, the payout at maturity will be par. If the index finishes below the 65% trigger level, investors will be exposed to losses from the initial index level.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Access securities with contingent coupon and contingent downside
Underlying index:	Russell 2000
Amount:	$1,034,000
Maturity:	March 22, 2019
Coupon:	5.5% if index closes at or above threshold level on quarterly calculation date; otherwise, no coupon for that interest period; payable quarterly
Price:	Par
Payout at maturity:	If the index finishes at or above the threshold level, par; otherwise, exposure to losses from initial index level
Initial level:	952.48
Threshold level:	619.11, 65% of initial level
Pricing date:	March 15
Settlement date:	March 22
Agent:	Wells Fargo Securities, LLC
Fees:	3%
Cusip:	94986RNS6

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