New Issue: Wells Fargo prices $1 million market-linked notes linked to Russell

By Toni Weeks

San Luis Obispo, Calif., July 25 – Wells Fargo & Co. priced $1 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due July 28, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 125% of any gain in the index, up to a maximum return of 32.3%.

Investors will receive par if the index falls by 10% or more and will lose 1% for every 1% decline in the index beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities
Underlying index:	Russell 2000
Amount:	$1 million
Maturity:	July 28, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of index gain, capped at 32.3%; par if index falls by up to 10%; exposure to losses beyond 10% buffer
Initial level:	1,158.11
Threshold level:	1,042.299, 90% of initial level
Pricing date:	July 23
Settlement date:	July 28
Agent:	Wells Fargo Securities LLC
Fees:	0.25%
Cusip:	94986RUK5

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