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Published on 4/8/2020 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo prices $2.19 million enhanced return securities linked to MSCI EAFE

Chicago, April 8 – Wells Fargo Finance LLC priced $2.19 million of enhanced return securities with capped upside and one-to-one downside exposure due Sept. 29, 2021 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus five times the index return, subject to a maximum payment of $1,305 per $1,000 principal amount of notes.

Investors will be fully exposed to any losses of the index.

The notes are guaranteed by Wells Fargo & Co.

The agent is Wells Fargo Securities, LLC.

Issuer:Wells Fargo Finance LLC
Guarantor:Wells Fargo & Co.
Issue:Enhanced return securities with capped upside and one-to-one downside exposure
Underlying index:MSCI EAFE index
Amount:$2,190,000
Maturity:Sept. 29, 2021
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus five times any index return, subject to maximum payment of $1,305 per $1,000 principal amount of notes; full exposure to any losses
Initial index level:1,519.74
Pricing date:March 25
Settlement date:April 1
Agents:Wells Fargo Securities, LLC
Fees:1.51%
Cusip:95001HHH7

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