New Issue: Wells Fargo prices $35.74 million leveraged return notes linked to Dow

By Susanna Moon

Chicago, Jan. 2 – Wells Fargo & Co. priced $35.74 million of 0% Capped Leveraged Index Return Notes due Dec. 23, 2022 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 109% of any index gain.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond the buffer.

BofA Merrill Lynch is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones industrial average
Amount:	$35,735,150
Maturity:	Dec. 23, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 109% of any index gain; par if the index falls by up to 20%; 1% loss for every 1% decline beyond 20%
Initial level:	24,782.29
Pricing date:	Dec. 21
Settlement date:	Dec. 29
Agent:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	94988U565

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