New Issue: Wells Fargo sells $6.12 million upside participation market-linked notes on S&P

By Wendy Van Sickle

Columbus, Ohio, May 8 – Wells Fargo Finance LLC priced $6.12 million of 0% market-linked securities –leveraged upside participation to a cap and buffered downside due May 7, 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 plus 1.25 times any gain in the index, capped at par plus 13%.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% index decline beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Market-linked securities –leveraged upside participation to a cap and buffered downside
Underlying index:	S&P 500
Amount:	$6,116,000
Maturity:	May 7, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any gain index, capped at par plus 13%; par if the index falls by up to 15%; 1% loss for each 1% index decline beyond 15%
Initial level:	2,945.83
Threshold level:	2,503.9555, 85% of initial level
Pricing date:	April 30
Settlement date:	May 7
Agent:	Wells Fargo Securities LLC
Fees:	1.825%
Cusip:	95001H4B4

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