New Issue: Wells Fargo prices $3.07 million leveraged buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 12 – Wells Fargo & Co. priced $3.07 million of 0% market-linked securities with leveraged upside participation to a cap and buffered downside with multiplier due May 12, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the gain, subject to a maximum return of 14%. Investors will receive par if the index decreases by up to 10% and will lose 1.1111% for every 1% that the index declines beyond 10%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities with leveraged upside participation to a cap and buffered downside with multiplier
Underlying index:	S&P 500
Amount:	$3,065,000
Maturity:	May 12, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, up to 14% maximum return; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	2,078.58
Threshold price:	1,870.72, 90% of initial share price
Pricing date:	Nov. 9
Settlement date:	Nov. 13
Agent:	Wells Fargo Securities LLC
Fees:	0.25%Cusip:	94986RA27

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