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Published on 6/5/2019 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo prices $10.24 million Accelerated Return Notes on EM index

By Wendy Van Sickle

Columbus, Ohio, June 5 – Wells Fargo Finance LLC priced $10.24 million of 0% Accelerated Return Notes due July 31, 2020 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return of 18.6%. Investors will be exposed to any index decline.

The notes are guaranteed by Wells Fargo & Co.

BofA Merrill Lynch is the underwriter.

Issuer:Wells Fargo Finance LLC
Guarantor:Wells Fargo & Co.
Issue:Accelerated Return Notes
Underlying index:MSCI Emerging Markets index
Amount:$10,238,780
Maturity:July 31, 2020
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at 18.6%; exposure to any index decline
Initial level:994.93
Pricing date:May 30
Settlement date:June 6
Agent:BofA Merrill Lynch
Fees:2%
Cusip:95002W305

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