New Issue: Wells Fargo prices $3.11 million market-linked notes on S&P 500 index

By Susanna Moon

Chicago, Feb. 27 – Wells Fargo & Co. priced $3.11 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Feb. 28, 2019 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 150% of any index gain, up to a maximum return of 15%.

Investors will receive par if the index falls by up to 17.5% and will lose 1% for each 1% decline beyond 17.5%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities – leveraged upside participation to a cap and buffered downside
Underlying index:	S&P 500
Amount:	$3,112,000
Maturity:	Feb. 28, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 15%; par if index falls by up to 17.5%; otherwise, 1% loss per 1% drop beyond 17.5%
Initial level:	2363.81
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	Wells Fargo Securities LLC
Fees:	None
Cusip:	94986R4P3

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