New Issue: Wells Fargo prices $627,000 market-linked notes linked to iShares MSCI EM fund

By Wendy Van Sickle

Columbus, Ohio, June 30 – Wells Fargo & Co. priced $627,000 of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due July 2, 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 two times any fund gain, subject to a 21.5% cap.

Investors will receive par if the fund falls by up to the 10% buffer and will lose 1% for each 1% decline beyond the buffer.

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:	$627,000
Maturity:	July 2, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any fund gain, subject to a 21.5% cap; par if fund falls by up to 10%; 1% loss for each 1% fund decline beyond 10%
Initial price:	$41.41
Threshold level:	$37.269, 90% of initial price
Pricing date:	June 27
Settlement date:	June 30
Agent:	Wells Fargo Securities LLC
Fees:	0%
Cusip:	94986R6X4

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