New Issue: Wells prices $265,000 market-linked notes with partial upside participation on S&P ETF trust

By Wendy Van Sickle

Columbus, Ohio, Nov. 6 – Wells Fargo & Co. priced $265,000of 0% market-linked securities with partial upside participation and fixed percentage buffered downside at maturity due Nov. 4, 2021 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the trust finishes above its initial level, the payout at maturity will be par plus 56% of the trust return. Investors will receive par if the trust falls by up to 30% and will be exposed to losses beyond 30%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market linked securities with partial upside participation and fixed percentage buffered downside
Underlying trust:	SPDR S&P 500 ETF Trust
Amount:	$265,000
Maturity:	Nov. 4, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the trust finishes above its initial level, par plus 56% of the trust return; par if index falls by up to 30%; exposure to losses beyond 30%
Initial level:	$304.14
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	Wells Fargo Securities LLC
Fees:	0.4%
Cusip:	95001HCA7

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