New Issue: Wells Fargo prices $6.35 million market-linked autocallables on S&P 500

By Susanna Moon

Chicago, June 9 – Wells Fargo & Co. priced $6.35 million of 0% autocallable market-linked securities with fixed percentage buffered downside due June 3, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will called at par plus an annual call premium of 6.5% if the index closes at or above its initial level on any of three call dates.

The payout at maturity will be par unless the index falls by more than 10%, in which case investors will be exposed to any losses beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities – autocallable with fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$6,346,000
Maturity:	June 3, 2019
Coupon:	0%
Price:	Par
Call:	At 6.5% per year if index closes at or above its initial level on June 5, 2017, June 4, 2018 or May 24, 2019
Payout at maturity:	Par unless index falls by more than 10%, in which case exposure to any losses beyond 10%
Initial level:	2096.96
Pricing date:	May 31
Settlement date:	June 3
Agent:	Wells Fargo Securities LLC
Fees:	1.325%
Cusip:	94986RL82

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