New Issue: Wells Fargo sells $62.58 million capped leveraged index return notes on S&P

By Sarah Lizee

Olympia, Wash., Dec. 11 – Wells Fargo Finance LLC priced $62.58 million of 0% Capped Leveraged Index Return Notes due Jan. 29, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, capped at 7.8%.

Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.

The notes are guaranteed by Wells Fargo & Co.

BofA Securities, Inc. is the agent.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Capped Leveraged Index Return Notes
Underlying index:	S&P 500
Amount:	$62,584,530
Maturity:	Jan. 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 7.8%; par if index falls by up to 5%; 1% loss for every 1% decline beyond 5%
Initial value:	3,140.52
Buffer value:	2,983.49, 95% of initial value
Pricing date:	Nov. 26
Settlement date:	Dec. 4
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	95002W818

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