New Issue: Wells Fargo prices $1.93 million leveraged market-linked notes tied to fund basket

By Susanna Moon

Chicago, June 5 – Wells Fargo & Co. priced $1.93 million of 0% market-linked notes with leveraged upside participation and fixed percentage buffered downside due May 28, 2021 linked to a basket of exchange-traded funds, according to a 424B2 filed with the Securities and Exchange Commission.

The basket consists of the SPDR S&P 500 ETF Trust with a 50% weight, the iShares Russell 2000 ETF with a 25% weight and the iShares MSCI EAFE ETF with a 25% weight.

The payout at maturity will be par plus 1.26 times any basket gain.

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

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked notes with leveraged upside participation and fixed percentage buffered downside
Underlying basket:	SPDR S&P 500 ETF Trust (50% weight), iShares Russell 2000 ETF (25% weight), iShares MSCI EAFE ETF (25% weight)
Amount:	$1,928,000
Maturity:	May 28, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 126% of any basket gain; par if basket falls by up to 10%; 1% loss for every 1% drop beyond 10%
Initial levels:	$272.15 for S&P fund, $161.74 for Russell fund, $70.22 for EAFE fund
Pricing date:	May 25
Settlement date:	May 31
Agents:	Wells Fargo Securities, LLC
Fees:	0.15%
Cusip:	95001B3Z5

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