New Issue: Wells Fargo prices $727,000 leveraged buffered notes linked to EM ETF

By Angela McDaniels

Tacoma, Wash., Oct. 28 – Wells Fargo & Co. priced $727,000 of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 31, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum return of 14%. Investors will receive par if the ETF decreases by up to 25% and will lose 1% for every 1% that the ETF may decline beyond 25%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$727,000
Maturity:	Oct. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any ETF gain, up to 14% maximum return; par if ETF declines by 25% or less; 1% loss for every 1% that ETF may decline beyond 25%
Initial share price:	$37.40
Threshold level:	$28.05, 75% of initial share price
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	Wells Fargo Securities LLC
Fees:	None
Cusip:	94986RY88

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