New Issue: Wells Fargo prices $1.76 million enhanced return notes with cap on S&P

By Susanna Moon

Chicago, Oct. 26 – Wells Fargo & Co. priced $1.76 million of 0% enhanced return notes with capped upside and 1-to-1 downside exposure due April 16, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to maximum settlement amount of $1,207 for each $1,000 principal amount.

Investors will lose 1% for each 1% decline.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Enhanced return notes with capped upside and 1-to-1 downside exposure
Underlying index:	S&P 500
Amount:	$1,762,000
Maturity:	April 16, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, capped at 20.7%; 1% loss for each 1% drop
Initial level:	2,809.92
Pricing date:	Oct. 16
Settlement date:	Oct. 23
Agents:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	95001BAC8

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