New Issue: Wells Fargo sells $499,000 capped, leveraged, buffered notes on iShares MSCI Emerging Markets

By Wendy Van Sickle

Columbus, Ohio, May 2 – Wells Fargo & Co. priced $499,000 of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due April 30, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times the fund gain, capped at 15%.

Investors will receive par if the fund falls by up to 22.5% and will be exposed to the decline any fund decline beyond 22.5%.

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
Amount:	$499,000
Maturity:	April 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times fund gain, capped at 15%; par if fund declines by 22.5% or less; 1% loss for every 1% that fund declines beyond 22.5%.
Initial level:	$40.20
Threshold level:	$31.155, 77.5% of initial level
Pricing date:	April 25
Settlement date:	April 28
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	94986R5Q0

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