New Issue: Wells Fargo prices $7.62 million leveraged buffered notes on iShares U.S. Real Estate

By Susanna Moon

Chicago, Feb. 7 – Wells Fargo & Co. priced $7.62 million of 0% market linked securities – leveraged upside participation to a cap and fixed buffered downside due Feb. 2, 2021 linked to the iShares U.S. Real Estate ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any fund gain, up to a maximum return of 20%.

Investors will receive par if the fund falls by up to 31% and will be exposed to any 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 buffered downside
Underlying fund:	iShares U.S. Real Estate ETF
Amount:	$7,616,000
Maturity:	Feb. 2, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any fund gain, capped at 20%; par if index falls by up to 31%; otherwise, 1% loss per 1% decline beyond 31%
Initial level:	$81.37
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	Wells Fargo Securities LLC
Fees:	None
Cusip:	95001BCC6

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