New Issue: Wells Fargo sells $65.41 million buffered enhanced return notes on S&P

By Wendy Van Sickle

Columbus, Ohio, April 12 – Wells Fargo & Co. priced $65.41 million of 0% buffered enhanced return securities with capped upside and buffered downside due June 13, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $1,000 plus 1.5 times the index return, subject to a maximum settlement amount of $1,261 per $1,000 of notes.

Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% decline beyond 15%.

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:	$65,414,000
Maturity:	June 13, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at of $1,261 per $1,000 note; par if index falls by 15% or less; 1.1765% loss per 1% decline beyond 15%
Initial level:	2,047.60
Buffer level:	1,740.46, or 85% of initial level
Pricing date:	April 8
Settlement date:	April 13
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986RK26

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