New Issue: Wells Fargo sells $155,000 buffered enhanced return notes on iShares EM

By Marisa Wong

Madison, Wis., Feb. 24 – Wells Fargo & Co. priced $155,000 of 0% buffered enhanced return securities with capped upside and buffered downside due Jan. 5, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.4 times any gain in the fund, up to a maximum settlement amount of $1,242.20 for each $1,000 principal amount of notes.

Investors will receive par if the fund falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Buffered enhanced return securities with capped upside and buffered downside
Underlying fund:	iShares Emerging Markets ETF
Amount:	$155,000
Maturity:	Jan. 5, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any fund gain, capped at 24.22%; par if fund falls by 12.5% or less; 1.1429% loss for every 1% decline beyond 12.5%
Initial price:	$40.67
Buffer level:	$35.58625, 87.5% of initial price
Pricing date:	Feb. 20
Settlement date:	Feb. 27
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986RWA5

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