New Issue: Wells Fargo prices $32.91 million 4.715% buffered notes tied to S&P 500

By Angela McDaniels

Tacoma, Wash., April 1 – Wells Fargo & Co. priced $32.91 million of 4.715% market-linked securities due April 5, 2021 with fixed coupon and buffered downside with multiplier linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually.

If the final index level is greater than or equal to the threshold level, 75% of the initial index level, the payout at maturity will be par. Otherwise, investors will lose 1.3333% for every 1% that the index declines beyond 25%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities with fixed coupon and buffered downside with multiplier Underlying index:	S&P 500
Amount:	$32,909,000
Maturity:	April 5, 2021
Coupon:	4.715%, payable semiannually
Price:	Par
Payout at maturity:	If final index level is greater than or equal to threshold level, par; otherwise, 1.3333% loss for every 1% that index declines beyond 25%
Initial index level:	2,063.95
Threshold level:	1,547.9625, 75% of the initial index level
Pricing date:	March 30
Settlement date:	April 4
Agent:	Wells Fargo Securities LLC
Fees:	None
Cusip:	94986RH46

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