New Issue: Wells Fargo prices $844,000 buffered enhanced return notes on iShares MSCI EM

By Susanna Moon

Chicago, July 27 – Wells Fargo & Co. priced $844,000 of 0% buffered enhanced return securities with capped upside and buffered downside due July 27, 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 140% of any gain in the fund, up to a maximum return of $1,260.12 for each $1,000 principal amount.

Investors will receive par if the fund falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.

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 MSCI Emerging Markets ETF
Amount:	$844,000
Maturity:	July 27, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any fund gain, capped at 26.012%; par if fund falls by 15% or less; 1.1765% loss for every 1% decline beyond 15%
Initial level:	$37.60
Buffer level:	$31.96, or 85% of initial level
Pricing date:	July 23
Settlement date:	July 30
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986RYC9

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