New Issue: Wells Fargo prices $6.49 million buffered enhanced notes on MSCI EAFE

By Susanna Moon

Chicago, Nov. 8 – Wells Fargo & Co. priced $6.49 million of 0% buffered enhanced return notes with capped upside and buffered downside due June 18, 2020 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.6 times any index gain, up to a maximum settlement amount of $1,290 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Buffered enhanced return securities with capped upside and buffered downside
Underlying index:	MSCI EAFE
Amount:	$6,485,000
Maturity:	June 18, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.6 times any index gain, capped at 29%; par if index falls by up to 12.5%; 1.1429% loss for every 1% drop beyond 12.5%
Initial level:	1,777.76
Barrier level:	1,555.54, 87.5% of initial level
Pricing date:	Oct. 26
Settlement date:	Nov. 2
Agent:	Wells Fargo Securities LLC
Fees:	None
Cusip:	95001BAL8

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