New Issue: Wells Fargo prices $55.5 million enhanced return notes on iShares EM

By Marisa Wong

Morgantown, W.Va., Sept. 2 – Wells Fargo & Co. priced $55.5 million of 0% enhanced return securities with 1-to-1 upside and downside exposure and threshold leveraged upside participation due Sept. 6, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund appreciates, the payout at maturity will be par plus any gain up to and including 11.9% and 1.5 times any gain in excess of 11.9%.

If the fund declines, investors will share fully in losses.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Enhanced return securities with 1-to-1 upside and downside exposure and threshold leveraged upside participation
Underlying fund: iShares MSCI Emerging Markets ETF
Amount:	$55,495,000
Maturity:	Sept. 6, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the fund appreciates, par plus any gain up to and including 11.9% and 1.5 times any gain in excess of 11.9%; if fund declines, investors will share fully in losses
Initial level:	$33.84
Threshold level:	$37.86696, 111.9% of initial level
Pricing date:	Aug. 31
Settlement date:	Sept. 8
Agent:	Wells Fargo Securities, LLC
Fees:	3.9%
Cusip:	94986RYN5

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