New Issue: Wells Fargo sells $760,000 enhanced return notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 15 – Wells Fargo & Co. priced $760,000

of enhanced return securities with capped upside and 1-to-1 downside exposure due June 13, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payment of par plus 31.8%. Investors will be fully exposed to any index decline.

The agent is Wells Fargo Securities, LLC.

Issuer:	Wells Fargo & Co.
Issue:	Enhanced return securities with capped upside and 1-to-1 downside exposure
Underlying index:	S&P 500
Amount:	$760,000
Maturity:	June 13, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to maximum payment of par plus 31.8%; full exposure to losses
Initial level:	2,316.10
Pricing date:	Feb. 10
Settlement date:	Feb. 17
Agent:	Wells Fargo Securities LLC
Fees:	None
Cusip:	94986R4L2

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