New Issue: Wells Fargo sells $3.31 million capped leveraged market-linked notes on Energy Select

By Wendy Van Sickle

Columbus, Ohio, Jan. 9 – Wells Fargo & Co. priced $3.31 million of 0% market linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due July 5, 2022 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain in the fund up to a maximum payout of par plus 61.5%. If the fund falls but not beyond 15%, the payout will be par. Investors will be exposed to any losses beyond the 15% 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 fund:	Energy Select Sector SPDR fund
Amount:	$3,305,000
Maturity:	July 5, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain in fund up to maximum of par plus 61.5%; par if fund falls by up to 15%; 1% loss for every 1% decline beyond 15%
Initial level:	$57.05
Buffer level:	$48.4925, 85% of initial level
Pricing date:	Dec. 28
Settlement date:	Jan. 3
Agent:	Wells Fargo Securities LLC
Fees:	2.075%
Cusip:	95001BBN3

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