New Issue: Wells Fargo prices $5.28 million market-linked autocalls on index, fund

By Wendy Van Sickle

Columbus, Ohio, Sept. 20 – Wells Fargo & Co. priced $5.28 million of market-linked securities due March 17, 2020 – autocallable and buffered downside with multiplier linked to the lesser performing of the iShares MSCI EAFE ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized premium of 10% if each asset closes at or above its initial level on any semiannual observation date after six months.

The payout at maturity will be par unless either asset finishes falls by more than 20%, in which case the payout will be par plus the return of the worse performing asset with 1.25% loss per 1% decline beyond 20%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market linked securities – autocallable and buffered downside with multiplier
Underlying assets:	iShares MSCI EAFE ETF, Russell 2000 index
Amount:	$5,276,000
Maturity:	March 17, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either asset falls by more than 20%, in which case 1.25% loss per 1% decline of worst performing asset beyond 20%
Call:	At par plus 10% annualized if each asset closes at or above its initial level on a semiannual call date after six months
Initial levels:	$66.17 for fund, 1,715.696 for Russell
Downside thresholds:	$52.936 for fund, 1,327.5568 for Russell; 80% of initial levels
Pricing date:	Sept. 12
Settlement date:	Sept. 17
Agent:	Wells Fargo Securities LLC
Fees:	0.05%
Cusip:	95001B7C2

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