New Issue: Wells Fargo prices $3.19 million market-linked notes on Russell 2000

By Marisa Wong

Morgantown, W.Va., July 26 – Wells Fargo & Co. priced $3.19 million of market-linked securities – contingent coupon and contingent downside due July 29, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at a rate of 6.2% per year if the index closes at or above the 70% threshold level on the applicable quarterly observation date.

The payout at maturity will be par unless the index falls by more than 30%, in which case investors will be fully exposed to any losses.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities – contingent coupon and contingent downside
Underlying index:	Russell 2000 index
Amount:	$3,189,000
Maturity:	July 29, 2022
Coupon:	6.2% per year, payable quarterly if index closes at or above threshold level on applicable quarterly observation date
Price:	Par
Payout at maturity:	Par unless index falls by more than 30%, in which case full exposure to any losses
Initial level:	1,212.889
Threshold level:	849.0223, 70% of initial level
Pricing date:	July 22
Settlement date:	July 29
Agent:	Wells Fargo Securities LLC
Fees:	3.25%
Cusip:	94986RR29

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