Wells Fargo pushes up pricing of market-tied autocalls on four stocks

By Susanna Moon

Chicago, June 15 – Wells Fargo & Co. accelerated pricing of its market-linked securities due July 1, 2021 – autocallable with contingent coupon and contingent downside linked to the least performing of the Advance Auto Parts, Inc., AbbVie Inc., CarMax, Inc. and Applied Materials, Inc.

The notes will now price on June 20, pushed up from June 26, and settle on June 29, according to an amended 424B2 filing with the Securities and Exchange Commission.

As previously announced, the notes will pay a contingent quarterly coupon at an annual rate of 13.3% to 14.3% if each index closes at or above its 55% coupon threshold on the observation date for that quarter.

The notes will be called at par if each index closes at or above its 90% call level on any quarterly observation date from December 2018 through March 2021.

The payout at maturity will be par unless any index finishes below its 55% downside threshold, in which case the payout will be par plus the return of the worst performing index with full exposure to any losses.

Wells Fargo Securities LLC is the agent.

The Cusip number is 95001B4H4.

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