New Issue: Wells Fargo prices $4.77 million digital securities linked to S&P 500

By Susanna Moon

Chicago, Aug. 2 – Wells Fargo & Co. priced $4.77 million of 0% digital securities with buffered downside due July 9, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 87.5% threshold level, the payout at maturity will be the maximum settlement amount of $1,132.00 for each $1,000 principal amount.

If the index falls by more than 12.5%, investors will lose 1.1429% for each 1% decline beyond 12.5%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Digital securities with buffered downside
Underlying index:	S&P 500
Amount:	$4.77 million
Maturity:	July 9, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 12.5%, par plus 13.2%; otherwise, 1.1429% loss per 1% drop beyond 12.5%
Initial level:	2,170.06
Contingent buffer:	12.5%
Pricing date:	July 28
Settlement date:	Aug. 4
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cuisp:	94986RS28

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