New Issue: Wells Fargo sells $6.72 million digital securities with buffered downside on S&P

By Sarah Lizee

Olympia, Wash., Jan. 24 – Wells Fargo Finance LLC priced $6.72 million of 0% digital securities with buffered downside due July 22, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 10%, the payout at maturity will be $1,094.50 per $1,000 principal amount of notes. If the index return is less than negative 10%, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

The notes are guaranteed by Wells Fargo & Co.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo Finance LLC
Guarantor:	Wells Fargo & Co.
Issue:	Digital securities with buffered downside
Underlying index:	S&P 500
Amount:	$6,723,000
Maturity:	July 22, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 10%, $1,094.50 per $1,000 principal amount; if index return is less than negative 10%, 1.1111% loss for every 1% that index declines beyond 10%
Initial level:	3,320.79
Buffer level:	2,988.711, 90% of initial level
Pricing date:	Jan. 21
Settlement date:	Jan. 28
Agent:	Wells Fargo Securities, LLC
Fees:	None
Cusip:	95001HE72

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