New Issue: Wells Fargo prices $8.07 million leveraged buffered notes linked to ETF basket

By Angela McDaniels

Tacoma, Wash., Oct. 2 – Wells Fargo & Co. priced $8.07 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 7, 2019 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the SPDR S&P 500 ETF trust with a 50% weight; the SPDR S&P MidCap 400 ETF trust, the iShares Russell 2000 ETF, the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF, each with an 11% weight, and the Vanguard REIT ETF with a 6% weight.

If the basket return is positive, the payout at maturity will be par plus 140% of the gain, subject to a maximum return of 58%. Investors will receive par if the basket decreases by up to 15% and will lose 1% for every 1% that the basket declines beyond 15%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities
Underlying ETFs: SPDR S&P 500 ETF trust (50% weight), SPDR S&P MidCap 400 ETF trust (11% weight), iShares Russell 2000 ETF(11% weight), iShares MSCI EAFE ETF (11% weight), iShares MSCI Emerging Markets ETF (11% weight and Vanguard REIT ETF (6% weight)
Amount:	$8,073,000
Maturity:	Oct. 7, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any basket gain, up to 58% maximum return; par if basket declines by 15% or less; 1% loss for every 1% that basket declines beyond 15%
Pricing date:	Sept. 30
Settlement date:	Oct. 3
Agent:	Wells Fargo Securities LLC
Fees:	1.62%
Cusip:	94986RUV1

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