New Issue: Wells Fargo prices $4.34 million enhanced return notes linked to S&P/TSX 60

By Wendy Van Sickle

Columbus, Ohio, Dec. 12 – Wells Fargo Finance LLC priced $4.34 million of 0% enhanced return securities with capped upside and 1-to-1 downside exposure due June 7, 2021 linked to the S&P/TSX 60 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index’s final level is greater than the initial level, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of $1,228 per $1,000 principal amount of notes. Investors will be fully exposed to any decline in the index.

The notes are guaranteed by Wells Fargo & Co.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Enhanced return securities with capped upside and 1-to-1 downside exposure
Underlying index:	S&P/TSX 60
Amount:	$4,335,000
Maturity:	June 7, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index’s final level is greater than initial level, par plus 300% of index return, subject to maximum settlement amount of $1,1228 per $1,000 principal amount; full exposure to loss
Initial level:	758.873303
Buffer level:	2,474.56, or 80% of initial level
Pricing date:	Dec. 3
Settlement date:	Dec. 10
Agent:	Wells Fargo Securities, LLC
Fees:	1.67%
Cusip:	95001HCU3

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