New Issue: Wells Fargo prices $3.74 million buffered enhanced notes linked to S&P 500

By Tali Rackner

Norfolk, Va., Feb. 2 – Wells Fargo & Co. priced $3.74 million of 0% buffered enhanced return securities with capped upside and buffered downside due Nov. 30, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 27.3%.

Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Buffered enhanced return securities with capped upside and buffered downside
Underlying index:	S&P 500
Amount:	$3,737,000
Maturity:	Nov. 30, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is positive, par plus 1.5 times gain, subject to 27.3% maximum return; par if index decreases by 12.5% or less; 1.1429% loss for every 1% that index declines beyond 12.5%
Initial level:	1,882.95
Buffer level:	1,647.58125, 87.5% of initial level
Pricing date:	Jan. 27
Settlement date:	Feb. 3
Agent:	Wells Fargo Securities LLC
Fees:	None
Cusip:	94986RE31

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