New Issue: Wells Fargo sells $2.31 million market-linked notes linked to iShares MSCI EAFE, EM

By Wendy Van Sickle

Columbus, Ohio, March 11 – Wells Fargo & Co. priced $2.31 million of 0% market-linked securities with leveraged upside participation and contingent downside due Sept. 12, 2019 linked to the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each fund finishes above the initial level, the payout at maturity will be par plus 246% of the return of the worse performing fund.

Investors will receive par if each fund falls by no more than 30% and will be fully exposed to any losses of the worse performing fund if either fund finishes below the 70% trigger level.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Market-linked securities – leveraged upside participation and contingent downside
Underlying funds:	iShares MSCI Emerging Markets ETF and iShares MSCI EAFE ETF
Amount:	$ 2,301,000
Maturity:	Sept. 12, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each fund gains, par plus 246% of return of worse performing fund; par if either fund falls but neither by more than 30%; otherwise, full exposure to loss of worse performing fund
Initial prices:	$55.95 for iShares MSCI EAFE, $32.41 for iShares MSCI Emerging Markets
Pricing date:	March 9
Settlement date:	March 14
Agent:	Wells Fargo Securities LLC
Fees:	0.25%
Cusip:	94986RG62

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