New Issue: Wells Fargo sells $8.78 million buffer enhanced return notes on S&P 500

By Susanna Moon

Chicago, Aug. 10 – Wells Fargo & Co. priced $8.78 million of 0% buffer enhanced return notes due May 14, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,204.00 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 7% and will lose 1.0753% for each 1% decline beyond 7%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co
Issue:	Buffer enhanced return notes
Underlying index:	S&P 500 index
Amount:	$8,781,000
Maturity:	May 14, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain capped at par plus 20.4%; par if index declines by up to 7%; 1.0753% loss per 1% drop beyond 7%
Initial level:	2,180.89
Barrier level:	93% of initial level
Pricing date:	Aug. 8
Settlement date:	Aug. 15
Agent:	Wells Fargo Securities, LLC
Fees:	1.29%
Cusip:	94986RS85

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