New Issue: Wells Fargo prices $3.88 million equity index-linked notes on Russell

By Wendy Van Sickle

Columbus, Ohio, April 29 – Wells Fargo & Co. priced $3.88 million of 0% equity index-linked notes with leveraged upside participation to a cap and buffered downside with multiplier due Dec. 29, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum of $1,177.50 per $1,000 note. If the index falls by up to 20%, the payout will be par. If the index falls by more than 20%, the payout will be par times the return times 1.25.

Investors will be exposed to any losses.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Equity index-linked notes
Underlying index:	Russell 2000
Amount:	$3,875,000
Maturity:	Dec. 29, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par of $10 plus 150% of any index gain, up to a maximum of $1,177.50 per $1,000 note; par if index falls by up to 20%; exposure to losses beyond 20%
Initial level:	1,150.728
Pricing date:	April 26
Settlement date:	April 29
Underwriter:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986RL66

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