New Issue: Wells Fargo sells $6.12 million market-linked autocalls on MSCI EM ETF

By Sarah Lizee

Olympia, Wash., Oct. 2 – Wells Fargo & Co. priced $6.12 million of market-linked securities due Oct. 4, 2021 – autocallable with contingent downside linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 10.5% if the fund closes at or above its initial level on Oct. 2, 2019, Oct. 2, 2020 or Sept. 27, 2021.

If the notes are not called, the payout at maturity will be par unless the fund finishes below its 80% threshold, in which case the payout will be par plus the return with full exposure to any losses.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities – autocallable with contingent downside
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$6,123,000
Maturity:	Oct. 4, 2021
Coupon:	0%
Price:	Par
Call:	At par plus an annual call premium of 10.5% if the fund closes at or above its initial level on Oct. 2, 2019, Oct. 2, 2020 or Sept. 27, 2021
Payout at maturity:	Par unless the ETF finishes below its 80% downside threshold, in which case full exposure to any losses
Initial level:	$43.21
Threshold price:	$34.568, 80% of initial price
Pricing date:	Sept. 27
Settlement date:	Oct. 2
Agents:	Wells Fargo Securities, LLC
Fees:	1.825%
Cusip:	95001B7J7

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