New Issue: Wells Fargo sells $3.27 million market-linked securities on ETF basket

By Sarah Lizee

Olympia, Wash., Sept. 6 – Wells Fargo & Co. priced $3.27 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 12, 2022 linked to a basket of four exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the SPDR S&P 500 ETF trust with a 45% weight, iShares Russell 2000 ETF with a 20% weight, iShares MSCI EAFE ETF with a 20% weight and the iShares MSCI Emerging Markets ETF with a 15% weight.

The payout at maturity will be par plus 125% of any basket gain, subject to a maximum payout of par plus 40%.

Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying ETFs:	SPDR S&P 500 (45% weight), iShares Russell 2000 (20% weight), iShares MSCI EAFE (20% weight), iShares MSCI Emerging Markets (15% weight)
Amount:	$3,267,000
Maturity:	Sept. 12, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any basket gain, capped at par plus 40%; par if the basket falls by up to 15%; 1% loss for every 1% decline beyond 15%
Initial levels:	$290.31 for SPDR S&P 500, $173.02 for iShares Russell 2000, $67.34 for iShares MSCI EAFE, $43.17 for iShares MSCI Emerging Markets
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	Wells Fargo Securities LLC
Fees:	2.325%
Cusip:	95001B5N0

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