New Issue: Wells Fargo sells $13.88 million capped leveraged notes tied to Russell

By Susanna Moon

Chicago, Jan. 3 – Wells Fargo & Co. priced $13.88 million of 0% Capped Leveraged Index Return Notes due Dec. 31, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 22.08%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Russell 2000
Amount:	$13,875,230
Maturity:	Dec. 31, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any index gain, capped at 22.08%; par if index falls by up to 10%; 1% loss per 1% decline beyond 10%
Initial level:	1,326.002
Pricing date:	Dec. 20
Settlement date:	Dec. 28
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	94988U284

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