New Issue: Wells Fargo prices $1.12 million leveraged market-linked notes with cap on S&P 500

By Susanna Moon

Chicago, Jan. 9 – Wells Fargo & Co. priced $1.12 million of 0% leveraged market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due Dec. 24, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 24%.

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

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$1,122,000
Maturity:	Dec. 24, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 24%; par if index falls by up to 10%; 1% loss for every 1% drop beyond 10%
Initial level:	2,416.62
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Agents:	Wells Fargo Securities, LLC
Fees:	2.75%
Cusip:	95001BBD5

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