New Issue: Wells Fargo prices $1.21 million buffered digital notes tied to MSCI EAFE

By Susanna Moon

Chicago, Oct. 30 – Wells Fargo & Co. priced $1.21 million of 0% digital securities with buffered downside due July 8, 2020 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 87.5% threshold, the payout at maturity will be the threshold settlement amount of $1,130.50 per $1,000 principal amount.

Otherwise, investors will lose 1.1429% for each 1% decline beyond 12.5%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Digital securities with buffered downside
Underlying index:	MSCI EAFE
Amount:	$1.21 million
Maturity:	July 8, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least negative 12.5%, par plus 13.05%; otherwise, 1.1429% loss per 1% decline beyond 12.5%
Initial level:	1,866.21
Threshold level:	1,632.93375, 87.5% of initial level
Pricing date:	Oct. 17
Settlement date:	Oct. 24
Agent:	Wells Fargo Securities LLC
Fees:	None
Cusip:	95001BAD6

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