New Issue: Wells Fargo sells $1.45 million market-linked notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, July 10 – Wells Fargo & Co. priced $1.45 million of 0% market-linked securities – contingent fixed return and contingent downside due July 5, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus 39%.

Investors will receive par if the index falls by up to 40% and will lose 1% for each 1% decline beyond from the initial level if the index falls by more than 14%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities – contingent fixed return and contingent downside
Underlying index:	Russell 2000 index
Amount:	$1,447,000
Maturity:	July 5, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 39%; par if the index falls by up to 40%; otherwise 1% loss for each 1% decline from initial level
Initial level:	1,416.199
Threshold level:	849.7194, 60% of initial level
Pricing date:	June 29
Settlement date:	July 5
Agent:	Wells Fargo Securities LLC
Fees:	2.62%
Cusip:	94986R6N6

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