New Issue: Wells Fargo sells $8.27 million buffered return securities tied to S&P

By Wendy Van Sickle

Columbus, Ohio, Dec. 16 – Wells Fargo & Co. priced $8.27 million of 0% buffered return securities with capped upside due Sept. 15, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.

The payout at maturity will be par plus any index gain, up to a maximum return of 10.15%.

Investors will receive par if the index falls by up to 25% and will lose 1.3333% for every 1% decline beyond 25%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Buffered return securities with capped upside
Underlying index:	S&P 500
Amount:	$8,265,000
Maturity:	Sept. 15, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 10.15%; par if index falls by up to 25%; 1.3333% loss for every 1% decline beyond 25%
Initial index level:	3,141.63
Buffer level:	2,356.2225, 75% of initial level
Pricing date:	Dec. 11
Settlement date:	Dec. 18
Agent:	Wells Fargo Securities, LLC
Fees:	1.75%
Cusip:	95001HDA6

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