New Issue: Wells Fargo sells $5.10 million capped buffer gears linked to S&P 500

By Marisa Wong

Los Angeles, April 7 – Wells Fargo Finance LLC priced $5,097,800 of 0% capped buffer gears due March 31, 2022 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.

If the index return is greater than zero, the payout at maturity will be par of $10 plus 2 times the index return, capped at $12.65 per note. Investors will receive par if the index declines by 10% or less and lose 1% for every 1% that the index declines beyond 10%.

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

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Capped buffer gears
Underlying index:	S&P 500
Amount:	$5,097,800
Maturity:	March 31, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any index gain, capped at par plus 26.5%; par if the index declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial index level:	2,630.07
Downside threshold:	2,367.06, 90% of initial level
Pricing date:	March 26
Settlement date:	March 31
Agents:	Wells Fargo Securities, LLC and UBS Financial Services Inc.
Fees:	2%
Cusip:	95002W644

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