Obligation Wells Fargo & Company 0% ( US94986RWD96 ) en USD

Wells Fargo & Company

100 % ▼

Etas-Unis

US94986RWD96 ( en USD )

06/04/2022 - Obligation échue

Prospectus brochure de l'obligation Wells Fargo US94986RWD96 en USD 0%, échue

1 000 USD

5 782 000 USD

94986RWD9

N/A

Wells Fargo est une société financière américaine offrant des services bancaires, d'investissement et de gestion de patrimoine à des particuliers et des entreprises.

L'obligation US94986RWD96 émise par Wells Fargo aux États-Unis, d'un montant total de 5 782 000 USD, avec un prix actuel de marché de 100 %, un taux d'intérêt de 0 %, une taille minimale d'achat de 1 000 USD, une maturité le 06/04/2022, une fréquence de paiement de 2, et une notation Moody's NR, est arrivée à échéance et a été remboursée.

Definitive Pricing Supplement No. 486
424B2 1 d901914d424b2.htm DEFINITIVE PRICING SUPPLEMENT NO. 486

Filed Pursuant to Rule 424(b)(2)
File No. 333-180728

Title of Each Class of
Maximum Aggregate
Amount of
Securities Offered

Offering Price

Registration Fee(1)
Medium Term Notes, Series K, Notes Linked to the iShares® MSCI EAFE ETF due April 6,
2022

$5,782,000

$671.87

(1)
The total filing fee of $671.87 is calculated in accordance with Rule 457(r) of the Securities Act of 1933 (the "Securities Act") and will be
paid by wire transfer within the time required by Rule 456(b) of the Securities Act.
PRICING SUPPLEMENT No. 486 dated March 31, 2015
(To Product Supplement No. 7 dated September 10, 2012,
Prospectus Supplement dated April 13, 2012
and Prospectus dated April 13, 2012)

We lls Fa rgo & Com pa ny
M e dium -T e rm N ot e s, Se rie s K
U pside Pa rt ic ipa t ion ET F Link e d N ot e s (Ave ra ging)

M a rk e t Link e d N ot e s
N ot e s Link e d t o t he iSha re s® M SCI EAFE ET F due April 6 , 2 0 2 2

Linked to the iShares® MSCI EAFE ETF

Minimum return at maturity of 8% of the original offering price per note

A total return at maturity equal to the greater of (i) the minimum return of 8% and (ii) an amount equal to

the percentage increase, if any, in the price of the Fund from the starting price to the average ending price
Average ending price of the Fund based on the average of fund closing prices of the Fund on specified

dates occurring quarterly during the term of the notes

No downside exposure to the Fund

All payments on the notes are subject to the credit risk of Wells Fargo & Company, and you will have no
ability to pursue the shares of the Fund or any securities held by the Fund for payment; if Wells Fargo &

Company defaults on its obligations, you could lose some or all of your investment

No periodic interest payments or dividends

No exchange listing; designed to be held to maturity

On t he da t e of t his pric ing supple m e nt , t he e st im a t e d va lue of t he not e s is $ 9 4 2 .6 4 pe r not e . T he e st im a t e d va lue of t he
not e s w a s de t e rm ine d for us by We lls Fa rgo Se c urit ie s, LLC using it s proprie t a ry pric ing m ode ls. I t is not a n indic a t ion of
a c t ua l profit t o us or t o We lls Fa rgo Se c urit ie s, LLC or a ny of our ot he r a ffilia t e s, nor is it a n indic a t ion of t he pric e , if a ny, a t
w hic h We lls Fa rgo Se c urit ie s, LLC or a ny ot he r pe rson m a y be w illing t o buy t he not e s from you a t a ny t im e a ft e r issua nc e .
Se e "I nve st m e nt De sc ript ion" in t his pric ing supple m e nt .
T he not e s ha ve c om ple x fe a t ure s a nd inve st ing in t he not e s involve s risk s not a ssoc ia t e d w it h a n
inve st m e nt in c onve nt iona l de bt se c urit ie s. Se e "Se le c t e d Risk Conside ra t ions" he re in on pa ge PRS-9 a nd
"Risk Fa c t ors" in t he a c c om pa nying produc t supple m e nt .
T he not e s a re unse c ure d obliga t ions of We lls Fa rgo & Com pa ny a nd a ll pa ym e nt s on t he not e s a re subje c t t o t he c re dit risk
of We lls Fa rgo & Com pa ny. T he not e s a re not de posit s or ot he r obliga t ions of a de posit ory inst it ut ion a nd a re not insure d by
t he Fe de ra l De posit I nsura nc e Corpora t ion, t he De posit I nsura nc e Fund or a ny ot he r gove rnm e nt a l a ge nc y of t he U nit e d
St a t e s or a ny ot he r jurisdic t ion.
N e it he r t he Se c urit ie s a nd Ex c ha nge Com m ission nor a ny st a t e se c urit ie s c om m ission ha s a pprove d or disa pprove d of t he se
not e s or de t e rm ine d if t his pric ing supple m e nt or t he a c c om pa nying produc t supple m e nt , prospe c t us supple m e nt a nd
prospe c t us is t rut hful or c om ple t e . Any re pre se nt a t ion t o t he c ont ra ry is a c rim ina l offe nse .
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Definitive Pricing Supplement No. 486

Original Offering Price

Agent Discount(1)

Proceeds to Wells Fargo
Per Note
$1,000.00

$16.20

$983.80
Total
$5,782,000.00

$93,668.40

$5,688,331.60

(1) Wells Fargo Securities, LLC, a wholly owned subsidiary of Wells Fargo & Company, is the agent for the distribution of the notes and is acting as principal. See
"Investment Description" in this pricing supplement for further information.
We lls Fa rgo Se c urit ie s
M a rk e t Link e d N ot e s
N ot e s Link e d t o t he iSha re s® M SCI EAFE ET F due April 6 , 2 0 2 2

I nve st m e nt De sc ript ion
The Notes Linked to the iShares® MSCI EAFE ETF due April 6, 2022 are senior unsecured debt securities of Wells Fargo & Company that
provide:

(i)
a minimum return at maturity of 8% of the original offering price per note;

(ii)
the possibility of a return at maturity greater than the minimum return if the percentage increase of the average ending price of the

iShares MSCI EAFE ETF (the "Fund") from the starting price is greater than the minimum return; and

(iii) repayment of principal regardless of the performance of the Fund.
All payments on the notes are subject to the credit risk of Wells Fargo.
The Fund is an exchange traded fund that seeks to track the MSCI EAFE Index (an equity index that is designed to measure equity performance in
developed markets, excluding the United States and Canada).
You should read this pricing supplement together with product supplement No. 7 dated September 10, 2012, the prospectus supplement dated
April 13, 2012 and the prospectus dated April 13, 2012 for additional information about the notes. Information included in this pricing supplement
supersedes information in the product supplement, prospectus supplement and prospectus to the extent it is different from that information. Certain
defined terms used but not defined herein have the meanings set forth in the product supplement.
You may access the product supplement, prospectus supplement and prospectus on the SEC website www.sec.gov as follows (or if such address has
changed, by reviewing our filing for the relevant date on the SEC website):

· Product Supplement No. 7 dated September 10, 2012, filed with the SEC on September 10, 2012:
http://www.sec.gov/Archives/edgar/data/72971/000119312512385940/d407901d424b2.htm

· Prospectus Supplement dated April 13, 2012 and Prospectus dated April 13, 2012 filed with the SEC on April 13, 2012:
http://www.sec.gov/Archives/edgar/data/72971/000119312512162780/d256650d424b2.htm

iShares® is a registered mark of BlackRock Institutional Trust Company, N.A. ("BTC"). The notes are not sponsored, endorsed, sold or promoted by BTC, its affiliate,
BlackRock Fund Advisors ("BFA"), iShares Trust or iShares, Inc. None of BTC, BFA, iShares Trust or iShares, Inc. makes any representations or warranties to the
holders of the notes or any member of the public regarding the advisability of investing in the notes. None of BTC, BFA, iShares Trust or iShares, Inc. will have any
obligation or liability in connection with the registration, operation, marketing, trading or sale of the notes or in connection with Wells Fargo & Company's use of
information about the iShares® MSCI EAFE ETF.

PRS-2
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Definitive Pricing Supplement No. 486
M a rk e t Link e d N ot e s
N ot e s Link e d t o t he iSha re s® M SCI EAFE ET F due April 6 , 2 0 2 2

I nve st m e nt De sc ript ion (Cont inue d)

The original offering price of each note of $1,000 includes certain costs that are borne by you. Because of these costs, the estimated value of the
notes on the pricing date is less than the original offering price. The costs included in the original offering price relate to selling, structuring,
hedging and issuing the notes, as well as to our funding considerations for debt of this type.
The costs related to selling, structuring, hedging and issuing the notes include (i) the agent discount, (ii) the projected profit that our hedge
counterparty (which may be one of our affiliates) expects to realize for assuming risks inherent in hedging our obligations under the notes and
(iii) hedging and other costs relating to the offering of the notes.
Our funding considerations take into account the higher issuance, operational and ongoing management costs of market-linked debt such as the
notes as compared to our conventional debt of the same maturity, as well as our liquidity needs and preferences. Our funding considerations are
reflected in the fact that we determine the economic terms of the notes based on an assumed funding rate that is generally lower than the interest
rates implied by secondary market prices for our debt obligations and/or by other traded instruments referencing our debt obligations, which we
refer to as our "secondary market rates." As discussed below, our secondary market rates are used in determining the estimated value of the notes.
If the costs relating to selling, structuring, hedging and issuing the notes were lower, or if the assumed funding rate we use to determine the
economic terms of the notes were higher, the economic terms of the notes would be more favorable to you and the estimated value would be
higher. The estimated value of the notes as of the pricing date is set forth on the cover page of this pricing supplement.
Determining the estimated value
Our affiliate, Wells Fargo Securities, LLC ("WFS"), calculated the estimated value of the notes set forth on the cover page of this pricing
supplement based on its proprietary pricing models. Based on these pricing models and related market inputs and assumptions referred to in this
section below, WFS determined an estimated value for the notes by estimating the value of the combination of hypothetical financial instruments
that would replicate the payout on the notes, which combination consists of a non-interest bearing, fixed-income bond (the "debt component") and
one or more derivative instruments underlying the economic terms of the notes (the "derivative component").
The estimated value of the debt component is based on a reference interest rate, determined by WFS as of a recent date, that generally tracks our
secondary market rates. Because WFS does not continuously calculate our reference interest rate, the reference interest rate used in the calculation
of the estimated value of the debt component may be higher or lower than our secondary market rates at the time of that calculation. As noted
above, we determine the economic terms of the notes based upon an assumed funding rate that is generally lower than our secondary market rates.
In contrast, in determining the estimated value of the notes, we value the debt component using a reference interest rate that generally tracks our
secondary market rates. Because the reference interest rate is generally higher than the assumed funding rate, using the reference interest rate to
value the debt component generally results in a lower estimated value for the debt component, which we believe more closely approximates a
market valuation of the debt component than if we had used the assumed funding rate.
WFS calculated the estimated value of the derivative component based on a proprietary derivative-pricing model, which generated a theoretical
price for the derivative instruments that constitute the derivative component based on various inputs, including the "derivative component factors"
identified in "Selected Risk Considerations--The Value Of The Notes Prior To Stated Maturity Will Be Affected By Numerous Factors, Some Of
Which Are Related In Complex Ways." These inputs may be market-observable or may be based on assumptions made by WFS in its discretion.
The estimated value of the notes determined by WFS is subject to important limitations. See "Selected Risk Considerations--The Estimated Value
Of The Notes Is Determined By Our Affiliate's Pricing Models, Which May Differ From Those Of Other Dealers" and "--Our Economic Interests
And Those Of Any Dealer Participating In The Offering Are Potentially Adverse To Your Interests."

PRS-3
M a rk e t Link e d N ot e s
N ot e s Link e d t o t he iSha re s® M SCI EAFE ET F due April 6 , 2 0 2 2

I nve st m e nt De sc ript ion (Cont inue d)

Valuation of the notes after issuance
The estimated value of the notes is not an indication of the price, if any, at which WFS or any other person may be willing to buy the notes from
you in the secondary market. The price, if any, at which WFS or any of its affiliates may purchase the notes in the secondary market will be based
upon WFS's proprietary pricing models and will fluctuate over the term of the notes due to changes in market conditions and other relevant factors.
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Definitive Pricing Supplement No. 486
However, absent changes in these market conditions and other relevant factors, except as otherwise described in the following paragraph, any
secondary market price will be lower than the estimated value on the pricing date because the secondary market price will be reduced by a bid-
offer spread, which may vary depending on the aggregate face amount of the notes to be purchased in the secondary market transaction, and the
expected cost of unwinding any related hedging transactions. Accordingly, unless market conditions and other relevant factors change significantly
in your favor, any secondary market price for the notes is likely to be less than the original offering price.
If WFS or any of its affiliates makes a secondary market in the notes at any time up to the issue date or during the 6-month period following the
issue date, the secondary market price offered by WFS or any of its affiliates will be increased by an amount reflecting a portion of the costs
associated with selling, structuring, hedging and issuing the notes that are included in the original offering price. Because this portion of the costs is
not fully deducted upon issuance, any secondary market price offered by WFS or any of its affiliates during this period will be higher than it would
be if it were based solely on WFS's proprietary pricing models less the bid-offer spread and hedging unwind costs described above. The amount of
this increase in the secondary market price will decline steadily to zero over this 6-month period. If you hold the notes through an account at WFS
or any of its affiliates, we expect that this increase will also be reflected in the value indicated for the notes on your brokerage account statement.
If WFS or any of its affiliates makes a secondary market in the notes, WFS expects to provide those secondary market prices to any unaffiliated
broker-dealers through which the notes are held and to commercial pricing vendors. If you hold your notes through an account at a broker-dealer
other than WFS or any of its affiliates, that broker-dealer may obtain market prices for the notes from WFS (directly or indirectly), but could also
obtain such market prices from other sources, and may be willing to purchase the notes at any given time at a price that differs from the price at
which WFS or any of its affiliates is willing to purchase the notes. As a result, if you hold your notes through an account at a broker-dealer other
than WFS or any of its affiliates, the value of the notes on your brokerage account statement may be different than if you held your notes at WFS or
any of its affiliates.
The notes will not be listed or displayed on any securities exchange or any automated quotation system. Although WFS and/or its affiliates may
buy the notes from investors, they are not obligated to do so and are not required to make a market for the notes. There can be no assurance that a
secondary market will develop.

PRS-4
M a rk e t Link e d N ot e s
N ot e s Link e d t o t he iSha re s® M SCI EAFE ET F due April 6 , 2 0 2 2

I nve st or Conside ra t ions
We have designed the notes for investors who:

seek a minimum return at maturity and exposure to the average upside performance of the Fund, without exposure to any decline in the Fund,
by:

receiving a minimum return at maturity of 8% of the original offering price per note;

if greater than the minimum return, participating in the percentage increase, if any, in the value of the Fund from the starting price to the

average ending price, where the average ending price is based on the average of fund closing prices of the Fund on specified dates
occurring quarterly during the term of the notes; and

providing for the repayment of principal at maturity regardless of the performance of the Fund;

understand that if the percentage increase of the average ending price of the Fund from the starting price is not greater than the minimum
return, they will receive only the minimum return at maturity;

are willing to forgo interest payments on the notes and dividends on shares of the Fund; and

are willing to hold the notes until maturity.
The notes are not designed for, and may not be a suitable investment for, investors who:

seek a liquid investment or are unable or unwilling to hold the notes to maturity;

seek a minimum return greater than the minimum return at maturity of 8% of the original offering price per note;

seek exposure to the upside performance of the Fund as measured solely from the pricing date to a date near stated maturity;

are unwilling to purchase notes with an estimated value as of the pricing date that is lower than the original offering price , as set forth on the
cover page;

seek current income;
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Definitive Pricing Supplement No. 486

are unwilling to accept the risk of exposure to foreign developed equity markets;

seek exposure to the Fund but are unwilling to accept the risk/return trade-offs inherent in the payment at stated maturity for the notes;

are unwilling to accept the credit risk of Wells Fargo to obtain exposure to the Fund generally, or to the exposure to the Fund that the notes
provide specifically; or

prefer the lower risk of fixed income investments with comparable maturities issued by companies with comparable credit ratings.

PRS-5
M a rk e t Link e d N ot e s
N ot e s Link e d t o t he iSha re s® M SCI EAFE ET F due April 6 , 2 0 2 2

T e rm s of t he N ot e s

Market Measure:
iShares MSCI EAFE ETF.

Pricing Date:
March 31, 2015.

Issue Date:
April 6, 2015. (T+3)

Original Offering
$1,000 per note. References in this pricing supplement to a "note" are to a note with a face amount of $1,000.
Price:

The "redemption amount" per note will equal:
· if the average ending price is greater than the starting price: $1,000 plus the greater of:
(i) the minimum return; and
(ii)

average ending price starting price

Redemption
$1,000 x
x participation rate
; or

starting price

Amount:

· if the average ending price is less than or equal to the starting price: $1,000 plus the minimum return.
All calculations with respect to the redemption amount will be rounded to the nearest one hundred-thousandth, with five
one-millionths rounded upward (e.g., .000005 would be rounded to .00001); and the redemption amount will be rounded
to the nearest cent, with one-half cent rounded upward.

Stated Maturity
April 6, 2022. If the final calculation day is postponed, the stated maturity date will be the later of (i) April 6, 2022 and
Date:
(ii) the third business day after the final postponed calculation day.

Starting Price:
$64.17, the fund closing price of the Fund on the pricing date.

Average Ending
The "average ending price" will be the arithmetic average of the fund closing price of the Fund on the calculation days.
Price:

Participation
100%
Rate:

Minimum
The "minimum return" is 8% of the original offering price per note ($80 per note).
Return:

The 30th day of each March, June, September, and December, commencing June 2015 and ending March 2022. If any
Calculation
such day is not a trading day, the calculation day will be postponed to the next succeeding trading day. A calculation day
Days:

is also subject to postponement due to the occurrence of a market disruption event.

PRS-6
M a rk e t Link e d N ot e s
N ot e s Link e d t o t he iSha re s® M SCI EAFE ET F due April 6 , 2 0 2 2

T e rm s of t he N ot e s (Cont inue d)

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Definitive Pricing Supplement No. 486
Calculation Agent:
Wells Fargo Securities, LLC

Material Tax
For a discussion of the material U.S. federal tax consequences of the ownership and disposition of the notes, see "United
Consequences:
States Federal Tax Considerations."

Wells Fargo Securities, LLC, a wholly owned subsidiary of Wells Fargo & Company. The agent may resell the notes to
other securities dealers at the original offering price of the notes less a concession not in excess of $15.00 per note. Such
securities dealers may include Wells Fargo Advisors, LLC ("WFA"), one of our affiliates. In addition to the concession
allowed to WFA, WFS will pay $1.20 per note of the agent's discount to WFA as a distribution expense fee for each note
sold by WFA.

Agent:

The agent or another affiliate of ours expects to realize hedging profits projected by its proprietary pricing models to the
extent it assumes the risks inherent in hedging our obligations under the notes. If any dealer participating in the
distribution of the notes or any of its affiliates conducts hedging activities for us in connection with the notes, that dealer
or its affiliate will expect to realize a profit projected by its proprietary pricing models from such hedging activities. Any
such projected profit will be in addition to the discount, concession or distribution expense fee received in connection
with the sale of the notes to you.

Denominations:
$1,000 and any integral multiple of $1,000.

CUSIP:
94986RWD9

PRS-7
M a rk e t Link e d N ot e s
N ot e s Link e d t o t he iSha re s® M SCI EAFE ET F due April 6 , 2 0 2 2

De t e rm ining Pa ym e nt a t St a t e d M a t urit y
On the stated maturity date, you will receive a cash payment per note (the redemption amount) calculated as follows:

PRS-8
M a rk e t Link e d N ot e s
N ot e s Link e d t o t he iSha re s® M SCI EAFE ET F due April 6 , 2 0 2 2

Se le c t e d Risk Conside ra t ions
The notes have complex features and your investment in the notes will involve risks not associated with an investment in conventional debt
securities. These risks are explained in more detail in the "Risk Factors" section in the product supplement. You should reach an investment
decision only after you have carefully considered with your advisors the suitability of an investment in the notes in light of your particular
circumstances. The index underlying the Fund is sometimes referred to as the "underlying index."

· You May Not Receive Any Return On Your Investment In The Notes In Excess Of The Minimum Return At Maturity. Any return you
receive on the notes at stated maturity in excess of the minimum return will depend on the percentage increase, if any, in the average ending
price of the Fund relative to the starting price. Because the value of the Fund will be subject to market fluctuations, the average ending price may
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Definitive Pricing Supplement No. 486
be less than the starting price or may not exceed the starting price on a percentage basis by more than the minimum return, in which case you
will only receive the original offering price of your notes plus the minimum return at stated maturity. The minimum return at maturity represents
a below market yield to maturity as compared to a traditional interest-bearing debt security of Wells Fargo or another issuer with a similar credit
rating with the same stated maturity date. Accordingly, if you do not receive a return at maturity sufficiently in excess of the minimum return,
the yield that you will receive on the notes will be less than the return you could earn on other investments.

· You Will Be Required To Recognize Taxable Income On The Notes Prior To Maturity. If you are a U.S. holder of a note, you will be
required to recognize taxable interest income in each year that you hold the note, even though you will not receive any payment on the note
prior to maturity (or earlier sale, exchange or retirement). In addition, any gain you recognize will be treated as ordinary interest income rather
than capital gain. You should review the section of this pricing supplement entitled "United States Federal Tax Considerations."

· The Potential For A Return On The Notes In Excess Of The Minimum Return At Maturity Is Based On The Average Performance Of
The Fund, Which May Be Less Favorable Than The Performance Of A Direct Investment In The Fund. The potential for a return on the
notes in excess of the minimum return at maturity is based on the average ending price, which will be calculated by reference to the average of
the fund closing price of the Fund on calculation days occurring quarterly over the term of the notes. The average ending price, as so calculated,
may be less than the value of the Fund at or near stated maturity. If the Fund appreciates and the average ending price is less than the value of
the Fund at or near stated maturity, the average performance of the Fund that is measured for purposes of the notes will be less favorable than
the performance of a direct investment in the Fund held over the term of the notes. Therefore, the return on the notes may be less favorable than
it would have been had the potential for a return in excess of the minimum return been based on the performance of a direct investment in the
Fund (i.e., based on the value of the Fund at or near stated maturity), rather than on the average performance of the Fund. As a result, the return
on the notes may underperform a direct investment in the Fund.
For example, if the value of the Fund increases at a more or less steady rate over the term of the notes, the average ending price will be less than
the value of the Fund at or near stated maturity, and the average performance of the Fund, as measured for purposes of the notes, will be less
favorable than the performance of a direct investment in the Fund. This underperformance will be especially significant if there is a significant
increase in the value of the Fund later in the term of the notes. In addition, because of the way the average ending price is calculated, it is
possible that you will not receive a return on your investment in excess of the minimum return at stated maturity even if the value of the Fund at
or near stated maturity is significantly greater than the starting price. One scenario in which this may occur is when the value of the Fund
declines early in the term of the notes and increases significantly later in the term of the notes.
The fact that investors in the notes will not receive dividends paid on shares of the Fund over the term of the notes increases the potential for the
notes to underperform a direct investment in the Fund.
You should not invest in the notes unless you understand and are willing to accept the return characteristics associated with the averaging
feature of the notes.

· The Notes Are Subject To The Credit Risk Of Wells Fargo. The notes are our obligations and are not, either directly or indirectly, an
obligation of any third party. Any amounts payable under the notes are subject to our creditworthiness, and you will have no ability to pursue the
shares of the Fund or any securities held by the Fund for payment. As a result, our actual and perceived creditworthiness may affect the value of
the notes and, in the event we were to default on our obligations, you may not receive any amounts owed to you under the terms of the notes.

· The Estimated Value Of The Notes On The Pricing Date, Based On WFS's Proprietary Pricing Models, Is Less Than The Original
Offering Price. The original offering price of the notes includes certain costs that are borne by you. Because of these costs, the estimated value
of the notes on the pricing date is less than the original offering price. The costs included in the original offering price relate to selling,
structuring, hedging and issuing the notes, as well as to our funding considerations for

PRS-9
M a rk e t Link e d N ot e s
N ot e s Link e d t o t he iSha re s® M SCI EAFE ET F due April 6 , 2 0 2 2

Se le c t e d Risk Conside ra t ions (Cont inue d)

debt of this type. The costs related to selling, structuring, hedging and issuing the notes include (i) the agent discount, (ii) the projected profit
that our hedge counterparty (which may be one of our affiliates) expects to realize for assuming risks inherent in hedging our obligations under
the notes and (iii) hedging and other costs relating to the offering of the notes. Our funding considerations are reflected in the fact that we
determine the economic terms of the notes based on an assumed funding rate that is generally lower than our secondary market rates. If the costs
relating to selling, structuring, hedging and issuing the notes were lower, or if the assumed funding rate we use to determine the economic terms
of the notes were higher, the economic terms of the notes would be more favorable to you and the estimated value would be higher.

· The Estimated Value Of The Notes Is Determined By Our Affiliate's Pricing Models, Which May Differ From Those Of Other Dealers.
The estimated value of the notes was determined for us by WFS using its proprietary pricing models and related market inputs and assumptions
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Definitive Pricing Supplement No. 486
referred to above under "Investment Description--Determining the estimated value." Certain inputs to these models may be determined by WFS
in its discretion. WFS's views on these inputs may differ from other dealers' views, and WFS's estimated value of the notes may be higher, and
perhaps materially higher, than the estimated value of the notes that would be determined by other dealers in the market. WFS's models and its
inputs and related assumptions may prove to be wrong and therefore not an accurate reflection of the value of the notes.

· The Estimated Value Of The Notes Is Not An Indication Of The Price, If Any, At Which WFS Or Any Other Person May Be Willing
To Buy The Notes From You In The Secondary Market. The price, if any, at which WFS or any of its affiliates may purchase the notes in
the secondary market will be based on WFS's proprietary pricing models and will fluctuate over the term of the notes as a result of changes in
the market and other factors described in the next risk consideration. Any such secondary market price for the notes will also be reduced by a
bid-offer spread, which may vary depending on the aggregate face amount of the notes to be purchased in the secondary market transaction, and
the expected cost of unwinding any related hedging transactions. Unless the factors described in the next risk consideration change significantly
in your favor, any such secondary market price for the notes is likely to be less than the original offering price.
If WFS or any of its affiliates makes a secondary market in the notes at any time up to the issue date or during the 6-month period following the
issue date, the secondary market price offered by WFS or any of its affiliates will be increased by an amount reflecting a portion of the costs
associated with selling, structuring, hedging and issuing the notes that are included in the original offering price. Because this portion of the
costs is not fully deducted upon issuance, any secondary market price offered by WFS or any of its affiliates during this period will be higher
than it would be if it were based solely on WFS's proprietary pricing models less the bid-offer spread and hedging unwind costs described
above. The amount of this increase in the secondary market price will decline steadily to zero over this 6-month period. If you hold the notes
through an account at WFS or any of its affiliates, we expect that this increase will also be reflected in the value indicated for the notes on your
brokerage account statement. If you hold your notes through an account at a broker-dealer other than WFS or any of its affiliates, the value of
the notes on your brokerage account statement may be different than if you held your notes at WFS or any of its affiliates, as discussed above
under "Investment Description."

· The Value Of The Notes Prior To Stated Maturity Will Be Affected By Numerous Factors, Some Of Which Are Related In Complex
Ways. The value of the notes prior to stated maturity will be affected by the value of the Fund on any prior calculation days, the then-current
value of the Fund, interest rates at that time and a number of other factors, some of which are interrelated in complex ways. The effect of any
one factor may be offset or magnified by the effect of another factor. The following factors, which we refer to as the "derivative component
factors," are expected to affect the value of the notes: Fund performance; interest rates; volatility of the Fund; time remaining to maturity;
dividend yields on the securities included in the Fund and currency exchange rates. In addition to the derivative component factors, the value of
the notes will be affected by actual or anticipated changes in our creditworthiness, as reflected in our secondary market rates. Because numerous
factors are expected to affect the value of the notes, changes in the price of the Fund may not result in a comparable change in the value of the
notes.

· The Notes Will Not Be Listed On Any Securities Exchange And We Do Not Expect A Trading Market For The Notes To Develop. The
notes will not be listed or displayed on any securities exchange or any automated quotation system. Although the agent and/or its affiliates may
purchase the notes from holders, they are not obligated to do so and are not required to make a market for the notes. There can be no assurance
that a secondary market will develop. Because we do not expect that any market makers will participate in a secondary market for the notes, the
price at which you may be able to sell your notes is likely to depend on the price, if any, at which the agent is willing to buy your notes. If a
secondary market does exist, it may be limited. Accordingly, there may be a limited number of buyers if you decide to sell your notes prior to
stated maturity. This may affect the price you receive upon such sale. Consequently, you should be willing to hold the notes to stated maturity.

PRS-10
M a rk e t Link e d N ot e s
N ot e s Link e d t o t he iSha re s® M SCI EAFE ET F due April 6 , 2 0 2 2

Se le c t e d Risk Conside ra t ions (Cont inue d)

· The Amount You Receive On The Notes Will Depend Upon The Performance Of The Fund And Therefore The Notes Are Subject To
The Following Risks, As Discussed In More Detail In The Product Supplement:

· Your Return On The Notes Could Be Less Than If You Owned The Shares Of The Fund. Your return on the notes will not reflect the return
you would realize if you actually owned the shares of the Fund because, among other reasons, the redemption amount will be determined by

reference only to the average ending price, which will be calculated by reference only to the fund closing price of a share of the Fund without
taking into consideration the value of dividends and other distributions paid on such share.

· Historical Prices Of The Fund Or The Securities Included In The Fund Should Not Be Taken As An Indication Of The Future Performance Of

The Fund During The Term Of The Notes.

· Changes That Affect The Fund Or The Underlying Index May Adversely Affect The Value Of The Notes And The Amount You Will Receive At

Stated Maturity.
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Definitive Pricing Supplement No. 486

· We Cannot Control Actions By Any Of The Unaffiliated Companies Whose Securities Are Included In The Fund Or The Underlying Index.

· We And Our Affiliates Have No Affiliation With The Sponsor Of The Fund Or The Sponsor Of The Underlying Index And Have Not

Independently Verified Their Public Disclosure Of Information.

· An Investment Linked To The Shares Of The Fund Is Different From An Investment Linked To The Underlying Index. The
performance of the shares of the Fund may not exactly replicate the performance of the underlying index because the Fund may not invest in all
of the securities included in the underlying index and because the Fund will reflect transaction costs and fees that are not included in the
calculation of the underlying index. The Fund may also hold securities or derivative financial instruments not included in the underlying index.
It is also possible that the Fund may not fully replicate the performance of the underlying index due to the temporary unavailability of certain
securities in the secondary market or due to other extraordinary circumstances. In addition, because the shares of the Fund are traded on a
securities exchange and are subject to market supply and investor demand, the value of a share of the Fund may differ from the net asset value
per share of the Fund. As a result, the performance of the Fund may not correlate perfectly with the performance of the underlying index, and the
return on the notes based on the performance of the Fund will not be the same as the return on securities based on the performance of the
underlying index.

· You Will Not Have Any Shareholder Rights With Respect To The Shares Of The Fund.

· Anti-dilution Adjustments Relating To The Shares Of The Fund Do Not Address Every Event That Could Affect Such Shares.

· An Investment In The Notes Is Subject To Risks Associated With Foreign Securities Markets. The Fund includes the stocks of foreign
companies and you should be aware that investments in securities linked to the value of foreign equity securities involve particular risks.
Foreign securities markets may have less liquidity and may be more volatile than the U.S. securities markets, and market developments may
affect foreign markets differently than U.S. securities markets. Direct or indirect government intervention to stabilize a foreign securities
market, as well as cross-shareholdings in foreign companies, may affect trading prices and volumes in those markets. Also, there is generally
less publicly available information about non-U.S. companies that are not subject to the reporting requirements of the Securities and Exchange
Commission, and non-U.S. companies are subject to accounting, auditing and financial reporting standards and requirements that differ from
those applicable to U.S. reporting companies.
The prices and performance of securities of non-U.S. companies are subject to political, economic, financial, military and social factors which
could negatively affect foreign securities markets, including the possibility of recent or future changes in a foreign government's economic,
monetary and fiscal policies, the possible imposition of, or changes in, currency exchange laws or other laws or restrictions applicable to foreign
companies or investments in foreign equity securities, the possibility of imposition of withholding taxes on dividend income, the possibility of
fluctuations in the rate of exchange between currencies, the possibility of outbreaks of hostility or political instability and the possibility of
natural disaster or adverse public health developments. Moreover, the relevant non-U.S. economies may differ favorably or unfavorably from
the U.S. economy in important respects, such as growth of gross national product, rate of inflation, trade surpluses or deficits, capital
reinvestment, resources and self-sufficiency.
The securities included in the Fund may be listed on a foreign stock exchange. A foreign stock exchange may impose trading limitations
intended to prevent extreme fluctuations in individual security prices and may suspend trading in certain circumstances. These actions could
limit variations in the closing price of the Fund which could, in turn, adversely affect the value of the notes.

PRS-11
M a rk e t Link e d N ot e s
N ot e s Link e d t o t he iSha re s® M SCI EAFE ET F due April 6 , 2 0 2 2

Se le c t e d Risk Conside ra t ions (Cont inue d)

· Exchange Rate Movements May Impact The Value Of The Notes. The notes will be denominated in U.S. dollars. Since the value of
securities included in the Fund is quoted in a currency other than U.S. dollars and, as per the Fund, is converted into U.S. dollars or another
currency, the amount payable on the notes on the maturity date will depend in part on the relevant exchange rates.

· The Stated Maturity Date May Be Postponed If The Final Calculation Day Is Postponed. A calculation day will be postponed if the
originally scheduled calculation day is not a trading day or if the calculation agent determines that a market disruption event has occurred or is
continuing on that calculation day. If such a postponement occurs with respect to the final calculation day, the stated maturity date will be the
later of (i) the initial stated maturity date and (ii) three business days after the postponed final calculation day.

· Our Economic Interests And Those Of Any Dealer Participating In The Offering Are Potentially Adverse To Your Interests. You should
be aware of the following ways in which our economic interests and those of any dealer participating in the distribution of the notes, which we
refer to as a "participating dealer," are potentially adverse to your interests as an investor in the notes. In engaging in certain of the activities
described below, our affiliates or any participating dealer or its affiliates may take actions that may adversely affect the value of and your return
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Definitive Pricing Supplement No. 486
on the notes, and in so doing they will have no obligation to consider your interests as an investor in the notes. Our affiliates or any participating
dealer or its affiliates may realize a profit from these activities even if investors do not receive a favorable investment return on the notes.

· The calculation agent is our affiliate and may be required to make discretionary judgments that affect the return you receive on the
notes. WFS, which is our affiliate, will be the calculation agent for the notes. As calculation agent, WFS will determine the average ending
price, the fund closing price of the Fund on each calculation day and may be required to make other determinations that affect the return you
receive on the notes at maturity. In making these determinations, the calculation agent may be required to make discretionary judgments,
including determining whether a market disruption event has occurred on a scheduled calculation day, which may result in postponement of
the calculation day; determining the fund closing price of the Fund if a calculation day is postponed to the last day to which it may be

postponed and a market disruption event occurs on that day; adjusting the adjustment factor and other terms of the notes in certain
circumstances; if the Fund undergoes a liquidation event, selecting a successor fund or, if no successor fund is available, determining the fund
closing price of the Fund; and determining whether to adjust the fund closing price of the Fund on any calculation day in the event of certain
changes in or modifications to the Fund or the underlying index. In making these discretionary judgments, the fact that WFS is our affiliate
may cause it to have economic interests that are adverse to your interests as an investor in the notes, and WFS's determinations as calculation
agent may adversely affect your return on the notes.

· The estimated value of the notes was calculated by our affiliate and is therefore not an independent third-party valuation. WFS
calculated the estimated value of the notes set forth on the cover page of this pricing supplement, which involved discretionary judgments by

WFS, as described under "Selected Risk Considerations--The Estimated Value Of The Notes Is Determined By Our Affiliate's Pricing
Models, Which May Differ From Those Of Other Dealers" above. Accordingly, the estimated value of the notes set forth on the cover page of
this pricing supplement is not an independent third-party valuation.

· Research reports by our affiliates or any participating dealer or its affiliates may be inconsistent with an investment in the notes and may
adversely affect the price of the Fund. Our affiliates or any dealer participating in the offering of the notes or its affiliates may, at present or
in the future, publish research reports on the Fund or the underlying index or the companies whose securities are included in the Fund or the
underlying index. This research is modified from time to time without notice and may, at present or in the future, express opinions or provide
recommendations that are inconsistent with purchasing or holding the notes. Any research reports on the Fund or the underlying index or the
companies whose securities are included in the Fund or the underlying index could adversely affect the price of the Fund and, therefore,

adversely affect the value of and your return on the notes. You are encouraged to derive information concerning the Fund from multiple
sources and should not rely on the views expressed by us or our affiliates or any participating dealer or its affiliates. In addition, any research
reports on the Fund or the underlying index or the companies whose securities are included in the Fund or the underlying index published on
or prior to the pricing date could result in an increase in the price of the Fund on the pricing date, which would adversely affect investors in
the notes by increasing the price at which the Fund must close on each calculation day in order for investors in the notes to receive a
favorable return.

PRS-12
M a rk e t Link e d N ot e s
N ot e s Link e d t o t he iSha re s® M SCI EAFE ET F due April 6 , 2 0 2 2

Se le c t e d Risk Conside ra t ions (Cont inue d)

· Business activities of our affiliates or any participating dealer or its affiliates with the companies whose securities are included in the
Fund may adversely affect the price of the Fund. Our affiliates or any participating dealer or its affiliates may, at present or in the future,
engage in business with the companies whose securities are included in the Fund or the underlying index, including making loans to those
companies (including exercising creditors' remedies with respect to such loans), making equity investments in those companies or providing

investment banking, asset management or other advisory services to those companies. These business activities could adversely affect the
price of the Fund and, therefore, adversely affect the value of and your return on the notes. In addition, in the course of these business
activities, our affiliates or any participating dealer or its affiliates may acquire non-public information about one or more of the companies
whose securities are included in the Fund or the underlying index. If our affiliates or any participating dealer or its affiliates do acquire such
non-public information, we and they are not obligated to disclose such non-public information to you.

· Hedging activities by our affiliates or any participating dealer or its affiliates may adversely affect the price of the Fund. We expect to
hedge our obligations under the notes through one or more hedge counterparties, which may include our affiliates or any participating dealer
or its affiliates. Pursuant to such hedging activities, our hedge counterparties may acquire shares of the Fund, securities included in the Fund
or the underlying index or listed or over-the-counter derivative or synthetic instruments related to the Fund or such securities. Depending on,
among other things, future market conditions, the aggregate amount and the composition of such positions are likely to vary over time. To the

extent that our hedge counterparties have a long hedge position in shares of the Fund or any of the securities included in the Fund or the
underlying index, or derivative or synthetic instruments related to the Fund or such securities, they may liquidate a portion of such holdings at
or about the time of a calculation day or at or about the time of a change in the securities included in the Fund or the underlying index. These
hedging activities could potentially adversely affect the price of a share of the Fund and, therefore, adversely affect the value of and your
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Document Outline

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