New Issue: Wells Fargo sells $3.84 million buffered return securities tied to S&P

By Wendy Van Sickle

Columbus, Ohio, Sept. 19 – Wells Fargo & Co. priced $3.84 million of 0% buffered return securities with capped upside due Sept. 20, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

The payout at maturity will be par plus any index gain, up to a maximum return of 21%.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Buffered return securities with capped upside
Underlying index:	S&P 500
Amount:	$3,841,000
Maturity:	Sept. 20, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 21%; par if index falls by up to 15%; 1.1765% loss for every 1% decline beyond 15%
Initial index level:	2,147.26
Pricing date:	Sept. 15
Settlement date:	Sept. 22
Agent:	Wells Fargo Securities, LLC
Fees:	1.73%
Cusip:	94986RV99

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