New Issue: Wells Fargo prices $355,000 leveraged buffered notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 9 – Wells Fargo & Co. priced $355,000 of 0% market linked securities — leveraged upside participation to a cap and fixed percentage buffered downside due July 2, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par of $10 plus 1.5 times the index gain up to a maximum gain of 44%.

Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond the buffer.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market linked securities — leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$355,000
Maturity:	July 2, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.5 times any index gain, capped at maximum of par plus 44%; par if index falls by up to 20%; 1% loss per 1% drop beyond 20%
Initial level:	2,485.74
Threshold level:	1,988.592, 80% of initial level
Pricing date:	Dec. 28
Settlement date:	Jan. 3
Underwriter:	Wells Fargo Securities LLC
Fees:	0.4%
Cusip:	95001BBY9

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