New Issue: Wells Fargo sells $888,000 capped market-linked notes on S&P

By Wendy Van Sickle

Columbus, Ohio, Jan. 9 – Wells Fargo & Co. priced $888,000 of 0% market linked securities –upside participation to a cap and partial principal return at maturity due Jan. 3, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the index up to a maximum payout of par plus 30%. Investors will be exposed to the first 5% of any index loss, with a minimum payout of 95% of par.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market linked securities – upside participation to a cap and partial principal return at maturity
Underlying index:	S&P 500
Amount:	$888,000
Maturity:	Jan. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain index up to maximum of par plus 30%; exposure to first 5% of index loss, with minimum payout of 95% of par
Initial level:	2,485.74
Pricing date:	Dec. 28
Settlement date:	Jan. 3
Agent:	Wells Fargo Securities LLC
Fees:	1%
Cusip:	95001BBB9

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