New Issue: Wells Fargo prices $9.25 million leveraged buffered notes on S&P index

By Devika Patel

Knoxville, Tenn., Dec. 14 – Wells Fargo & Co. priced $9.25 million of 0% market-linked securities with leveraged upside participation to a cap and buffered downside with multiplier due Dec. 15, 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 150% of the gain, subject to a maximum return of 20.5%. Investors will receive par if the index decreases by up to 20% and will lose 1.25% for every 1% that the index declines beyond 20%.

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:	$9.25 million
Maturity:	Dec. 15, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, up to 20.5% maximum return; par if index declines by 20% or less; 1.25% loss for every 1% that index declines beyond 20%
Initial index level:	2047.62
Threshold price:	1638.096, 80% of initial share price
Pricing date:	Dec. 10
Settlement date:	Dec. 15
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986RC58

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