New Issue: Wells Fargo prices $6.6 million autocallables linked to energy fund

By Angela McDaniels

Tacoma, Wash., July 5 – Wells Fargo & Co. priced $6.6 million of 0% autocallable market-linked securities with fixed percentage buffered downside due July 6, 2018 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a premium of 8.4% per year if the fund’s closing share price on July 6, 2017, Jan. 8, 2018 or June 28, 2018 is greater than or equal to the initial share price.

If the notes are not called and the final share price is greater than or equal to the threshold price, 90% of the initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the fund declines beyond 10%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Autocallable market-linked securities with fixed percentage buffered downside
Underlying fund:	Energy Select Sector SPDR Fund
Amount:	$6,602,000
Maturity:	July 6, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than or equal to threshold price, par; otherwise, 1% loss for every 1% that fund declines beyond 10%
Call:	Automatically called at par plus premium of 8.4% per year if fund’s closing share price on July 6, 2017, Jan. 8, 2018 or June 28, 2018 is greater than or equal to initial share price
Initial share price:	$68.24
Threshold price:	$61.416, 90% of initial share price
Pricing date:	June 30
Settlement date:	July 6
Agent:	Wells Fargo Securities LLC
Fees:	1.575%
Cusip:	94986RP39

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