New Issue: Wells Fargo sells $11.17 million capped gears linked to S&P 500

By Marisa Wong

Los Angeles, April 6 – Wells Fargo Finance LLC priced $11.17 million of 0% capped gears due May 28, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Wells Fargo & Co.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 20.5%.

Investors will be exposed to any losses.

UBS Financial Services Inc. and Wells Fargo Securities, LLC are the agents.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Capped gears
Underlying index:	S&P 500 index
Amount:	$11,167,600
Maturity:	May 28, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3 times any index gain, capped at 20.5%; 1% loss per 1% decline
Initial value:	2,630.07
Pricing date:	March 26
Settlement date:	March 31
Agents:	UBS Financial Services Inc. and Wells Fargo Securities, LLC
Fees:	2%
Cusip:	95002W636

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