New Issue: Wells Fargo prices $248,000 contingent fixed return notes on S&P 500

By Sarah Lizee

Olympia, Wash., Oct. 31 – Wells Fargo & Co. priced $248,000 of 0% market-linked securities with contingent fixed return and fixed percentage buffered downside due Oct. 31, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the final index level is greater than or equal to the threshold level, 85% of the initial index level, the payout at maturity will be par plus 24%.

If the final level is less than the threshold level, investors will lose 1% for each 1% decline beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities with contingent fixed return and fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$248,000
Maturity:	Oct. 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than or equal to the threshold level, 85% of the initial index level, par plus 24%; otherwise, 1% loss for each 1% decline beyond 15%
Initial level:	2,658.69
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agents:	Wells Fargo Securities, LLC
Fees:	3.75%
Cusip:	95001BA79

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