New Issue: Wells Fargo prices $3.17 million market-linked leveraged notes on iShares MSCI EAFE

By Susanna Moon

Chicago, Nov. 6 – Wells Fargo & Co. priced $3.17 million of market-linked securities – leveraged upside participation and contingent downside due Nov. 7, 2022 the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 136% of any fund gain.

Investors will receive par if the fund falls by up to 30% and will be fully exposed to any losses if the fund falls by more than the contingent downside.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities – leveraged upside participation and contingent downside
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$3.17 million
Maturity:	Nov. 7, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If fund gains, par plus 136% of return; if fund falls by up to 30%, par; otherwise, 1% loss for each 1% decline
Initial level:	$69.34
Threshold:	$48.538, 70% of initial level
Pricing date:	Oct. 30
Settlement date:	Nov. 6
Agent:	Wells Fargo Securities LLC
Fees:	2.62%
Cusip:	95000E3H0

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