New Issue: Wells Fargo sells $1.71 million leveraged market-linked notes on S&P

By Marisa Wong

Morgantown, W.Va., April 16 – Wells Fargo & Co. priced $1.71 million of 0% market-linked securities – leveraged upside participation to a cap with contingent absolute return and fixed percentage buffered downside due April 2, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 111% of the index gain, capped at par plus 16.65%.

If the index falls by up to 15%, the payout will be par plus 111% of the absolute value of the index return.

If the index falls by more than 15%, investors will lose 1% for every 1% decline beyond 15%.

Wells Fargo Securities is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities – leveraged upside participation to a cap with contingent absolute return and fixed percentage buffered downside
Underlying index:	S&P 500 index
Amount:	$1,707,000
Maturity:	April 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 111% of the index gain, capped at par plus 16.65%; if the index falls by up to 15%, par plus 111% of the absolute value of the index return; if the index falls by more than 15%, 1% loss for every 1% decline beyond 15%
Initial level:	2,605.00
Threshold level:	2,214.25, 85% of initial level
Pricing date:	March 28
Settlement date:	April 3
Agent:	Wells Fargo Securities, LLC
Fees:	0.25%
Cusip:	95001B2T0

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