By Devika Patel
Knoxville, Tenn., Nov. 16 – Wells Fargo & Co. priced $4.43 million of 0% enhanced return securities due Jan. 10, 2018 with upside participation to a cap and one-to-one downside exposure 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 five times any gain in the index, up to a maximum payment of $1,342.50 per $1,000 note.
Investors will be exposed to any decline.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo & Co.
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| Issue: | Enhanced return securities with capped upside and one-to-one downside
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| Underlying fund: iShares MSCI Emerging Markets ETF
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| Amount: | $4.43 million
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| Maturity: | Jan. 10, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus five times any fund gain, capped at 34.25%; exposure to any decline
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| Initial level: | $34.04
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| Pricing date: | Nov. 12
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| Settlement date: | Nov. 19
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| Agent: | Wells Fargo Securities, LLC
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| Fees: | 2.15%
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| Cusip: | 94986RZZ7
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