New Issue: Wells Fargo prices $154,000 market-linked notes linked to the Dow

By Susanna Moon

Chicago, July 30 – Wells Fargo & Co. priced $154,000 of 0% market-linked securities with upside participation and fixed percentage buffered downside due July 31, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 110% of any gain in the index.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities
Underlying index:	Dow Jones industrial average
Amount:	$154,000
Maturity:	July 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 110% of any index gain; par if index falls by up to 15%; exposure to losses beyond 15%
Initial level:	17,630.27
Threshold level:	14,985.7295, 85% of initial level
Pricing date:	July 28
Settlement date:	July 31
Agent:	Wells Fargo Securities LLC
Fees:	4%
Cusip:	94986RXW6

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