New Issue: Wells Fargo prices $4.32 million digital securities linked to Russell

By Wendy Van Sickle

Columbus, Ohio, May 5 – Wells Fargo & Co. priced $4.32 million of 0% digital securities with buffered downside due July 6, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is at least negative 15%, the payout at maturity will be the maximum settlement amount of $1,152 per $1,000 of notes.

If the index declines by more than 15%, the investors will lose 1.1765% for every 1% decline in the index beyond the 15% buffer.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Digital securities
Underlying index:	Russell 2000
Amount:	$4,315,000
Maturity:	July 6, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 15%, $1,152 per $1,000 of notes; if index declines by more than 15%, 1.1765% loss for every 1% index decline beyond 15% buffer
Initial index level:	1,140.920
Pricing date:	May 2
Settlement date:	May 9
Agent:	Wells Fargo Securities, LLC
Fees:	1.53%
Cuisp:	94986RL33

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