New Issue: Wells Fargo prices $6.29 million digital securities linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 14 – Wells Fargo & Co. priced $6.29 million of 0% digital securities with buffered downside due July 14, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout at maturity will be $1,142.50 per $1,000 principal amount of notes. If the index return is less than negative 15%, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Digital securities with buffered downside
Underlying index:	S&P 500
Amount:	$6,289,000
Maturity:	July 14, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, $1,142.50 per $1,000 principal amount; if index return is less than negative 15%, 1.1765% loss for every 1% that index declines beyond 15%
Initial index level:	2,881.4
Pricing date:	May 10
Settlement date:	May 17
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	95001H5K3

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