New Issue: Wells Fargo prices $3.19 million leveraged buffered notes linked to SPDR S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 4 – Wells Fargo & Co. priced $3.19 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 7, 2018 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the trust return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum return of 38%. Investors will receive par if the trust decreases by up to 10% and will lose 1% for every 1% that the trust declines beyond 10%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities
Underlying trust:	SPDR S&P 500 ETF Trust
Amount:	$3,185,000
Maturity:	Aug. 7, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any trust gain, up to 38% maximum return; par if trust declines by 10% or less; 1% loss for every 1% that trust declines beyond 10%
Initial share price:	$201.66
Threshold price:	$181.494, 90%
Pricing date:	Oct. 31
Settlement date:	Nov. 7
Agent:	Wells Fargo Securities LLC
Fees:	1.325%
Cusip:	94986RVB4

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