New Issue: Wells Fargo sells $685,000 market-linked securities on index basket

By Wendy Van Sickle

Columbus, Ohio, Nov. 7 – Wells Fargo & Co. priced $685,000 of 0% market-linked securities with leveraged upside participation and contingent downside due Nov. 6, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the S&P 500 index with a 40% weight, the Euro Stoxx 50 index with a 40% weight and the Nikkei Stock Average with a 20% weight.

The payout at maturity will be par plus 165% of any basket gain.

Investors will receive par if the basket falls by up to 30% and will lose 1% for every 1% decline if the basket falls by more than 30%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities with leveraged upside participation and contingent downside
Underlying indexes:	S&P 500 (40% weight), Euro Stoxx 50 (40% weight), Nikkei Stock Average (20% weight)
Amount:	$685,000
Maturity:	Nov. 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 165% of any basket gain; par if the basket falls by up to 30%; 1% loss for every 1% decline if basket falls by more than 30%
Initial levels:	2,682.63 for S&P 500, 3,147.13 for Euro Stoxx 50, 21,457.29 for Nikkei
Pricing date:	Oct. 30
Settlement date:	Nov. 2
Agent:	Wells Fargo Securities LLC
Fees:	2.62%
Cusip:	95001BA38

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