New Issue: Wells Fargo prices $5.94 million buffered enhanced notes linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., Oct. 19 – Wells Fargo & Co. priced $5.94 million of 0% buffered enhanced return securities with capped upside and buffered downside due Oct. 19, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF’s final share price is greater than the initial share price, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum settlement amount of $1,252 per $1,000 principal amount of notes. Investors will receive par if the ETF declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Buffered enhanced return securities with capped upside and buffered downside
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$5.94 million
Maturity:	Oct. 19, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus 200% of gain, subject to 25.2% maximum return; par if ETF decreases by 10% or less; 1.1111% loss for every 1% that ETF declines beyond 10%
Initial price:	$36.22
Threshold price:	$32.598, 90% of initial share price
Pricing date:	Oct. 15
Settlement date:	Oct. 22
Agent:	Wells Fargo Securities LLC
Fees:	2%
Cusip:	94986RZK0

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