New Issue: Wells Fargo sells $25.19 million Leveraged Index Return Notes on Dow

By Marisa Wong

Morgantown, W.Va., April 11 – Wells Fargo & Co. priced $25.19 million of 0% Leveraged Index Return Notes due March 31, 2023 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 plus 110.51% 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 20%.

BofA Merrill Lynch is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones industrial average
Amount:	$25,189,420
Maturity:	March 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 110.51% of any index gain; par if index falls by up to 20%; 1% loss for every 1% decline beyond 20%
Initial index level:	23,848.42
Threshold value:	19,078.74, 80% of initial level
Pricing date:	March 28
Settlement date:	April 5
Underwriters:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	94988U557

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