New Issue: Wells Fargo prices $116.79 million Accelerated Return Notes on S&P 500

By Kiku Steinfeld

Chicago, Dec. 30 – Wells Fargo Finance LLC priced $116.79 million of 0% accelerated return notes due Feb. 26, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return of 10.24%. Investors will be exposed to any index decline.

The notes are guaranteed by Wells Fargo & Co.

BofA Securities, Inc. is the underwriter.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Accelerated return notes
Underlying index:	S&P 500
Amount:	$116,789,120
Maturity:	Feb. 26, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 10.24%; exposure to any index decline
Initial level:	3,205.37
Pricing date:	Dec. 19
Settlement date:	Dec. 27
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	95002W727

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