New Issue: Wells Fargo sells $808,000 buffered enhanced return notes on EAFE index

By Kiku Steinfeld

Chicago, July 5 – Wells Fargo Finance LLC priced $808,000 of 0% buffered enhanced return securities with capped upside and buffered downside due Nov. 10, 2020 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Wells Fargo & Co.

If the index return finishes above is initial level, the payout at maturity will be par plus 150% of the index return, capped at par plus 113.47%.

If the index return finishes flat or falls by 10% or less, investors will receive par and will lose 1.1111% for every 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo Finance LLC
Issue:	Buffered enhanced return securities
Underlying index:	MSCI EAFE index
Amount:	$808,000
Maturity:	Nov. 10, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return finishes above is initial level, par plus 150% of the index return, capped at par plus 113.47%; par if index return is flat or falls by 10% or less; 1.1111% loss for every 1% decline beyond 10%
Initial level:	$1,825.98
Buffer level:	$1,643.382, 90% of initial level
Pricing date:	May 30
Settlement date:	June 6
Underwriter:	Wells Fargo Securities, LLC
Fees:	0%
Cusip:	95001H5R8

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