New Issue: Wells Fargo prices $41.93 million enhanced return notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Oct. 5 – Wells Fargo & Co. priced $41.93 million of 0% enhanced return securities with capped upside and 1-to-1 downside exposure due Oct. 4, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index’s final level is greater than the initial level, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of $1,238.50 per $1,000 principal amount. Investors will be fully exposed to any index decline.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Enhanced return securities with capped upside and 1-to-1 downside exposure
Underlying index:	S&P 500
Amount:	$41,933,000
Maturity:	Oct. 4, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index’s final level is greater than initial level, par plus 300% of index return, subject to maximum settlement amount of $1,238.50 per $1,000 principal amount of notes; full exposure to losses
Initial index level:	2,161.20
Pricing date:	Oct. 3
Settlement date:	Oct. 11
Agent:	Wells Fargo Securities, LLC
Fees:	2%
Cusip:	94986RX22

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