New Issue: Wells prices $4.19 million contingent market-linked notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, June 13 – Wells Fargo Finance LLC priced $4.19 million of market-linked securities due Dec. 4, 2020 – contingent fixed return and buffered downside with multiplier linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Wells Fargo & Co.

If the least performing index gains or finishes flat, the payout will be par plus 14.2%.

If the least performing index declines by up to 20%, the payout will be par.

Otherwise, investors will lose 1.25% for each 1% decline of the least performing index beyond 20%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Market-linked securities – contingent fixed return and buffered downside with multiplier
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$4,193,000
Maturity:	Dec. 4, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If least performing index gains or finishes flat, par plus 14.2%; if the least performing index declines by up to 20%, par; otherwise, 1.25% loss for each 1% decline of the least performing index beyond 20%
Initial levels:	2,788.86 for S&P, 1,485.531 for Russell
Threshold level:	2,231.088 for S&P, 1,188.4248 for Russell, 80% of initial level
Pricing date:	May 31
Settlement date:	June 5
Agent:	Wells Fargo Securities LLC
Fees:	0.5%
Cusip:	95001H5V9

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