New Issue: Wells Fargo sells $3.63 million 5.4% market-linked buffered notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., Feb. 13 – Wells Fargo Finance LLC priced $3.63 million of 5.4% market-linked securities due Aug. 14, 2020 – fixed coupon and buffered downside with multiplier linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Wells Fargo & Co.

Interest will be payable semiannually.

The payout at maturity will be par unless either underlying component finishes below its 80% downside threshold, in which case investors will lose 1.25% loss per 1% decline of the worse performing asset.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Market-linked securities – fixed coupon and buffered downside with multiplier
Underlying assets:	S&P 500 and Russell 2000
Amount:	$3,626,000
Maturity:	Aug. 14, 2020
Coupon:	5.4% annualized, payable semiannually
Price:	Par
Payout at maturity:	Par unless either asset falls by more than 20%, in which case 1.25% loss per 1% decline of worse performing asset
Initial levels:	2,707.88 for S&P, 1,506.394 for Russell
Thresholds:	2,166.304 for S&P, 1,205.1152 for Russell; 80% of initial levels
Pricing date:	Feb. 11
Settlement date:	Feb. 14
Agent:	Wells Fargo Securities LLC
Fees:	0.05%
Cusip:	95001H3B5

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