Bond Wells Fargo & Company 0% ( US94986RQ387 ) in USD

Issuer Wells Fargo & Company
Market price 100 %  ⇌ 
Country  United States
ISIN code  US94986RQ387 ( in USD )
Interest rate 0%
Maturity 31/07/2031 - Bond has expired



Prospectus brochure of the bond Wells Fargo US94986RQ387 in USD 0%, expired


Minimal amount 1 000 USD
Total amount /
Cusip 94986RQ38
Standard & Poor's ( S&P ) rating N/A
Moody's rating N/A
Detailed description Wells Fargo is a multinational financial services company offering banking, investments, mortgage, and consumer and commercial finance services across numerous countries.

The Bond issued by Wells Fargo & Company ( United States ) , in USD, with the ISIN code US94986RQ387, pays a coupon of 0% per year.
The coupons are paid 2 times per year and the Bond maturity is 31/07/2031







Definitive Pricing Supplement No. 690
424B2 1 d209560d424b2.htm DEFINITIVE PRICING SUPPLEMENT NO. 690
Filed Pursuant to Rule 424(b)(2)
File No. 333-202840

Title of Each Class of
Maximum Aggregate
Amount of
Securities Offered

Offering Price

Registration Fee(1)
Medium Term Notes, Principal at Risk Securities Linked to the S&P 500® Index due July 31,
2031


$16,837,000

$1,695.49

(1)
The total filing fee of $1,695.49 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. 690 dated July 26, 2016
(To Market Measure Supplement dated March 18, 2015,
Prospectus Supplement dated March 18, 2015
and Prospectus dated March 18, 2015)


We lls Fa rgo & Com pa ny

M e dium -T e rm N ot e s, Se rie s K
Equit y I nde x Link e d Se c urit ie s


M a rk e t Link e d Se c urit ie s--Ca lla ble w it h Cont inge nt Coupon
a nd Cont inge nt Dow nside
Princ ipa l a t Risk Se c urit ie s Link e d t o t he S& P 5 0 0 ® I nde x due J uly 3 1 , 2 0 3 1
Linked to the S&P 500® Index

The securities are redeemable debt securities of Wells Fargo & Company that, unlike ordinary debt securities, do not provide for fixed
payments of interest and do not repay a fixed amount of principal at stated maturity. Whether the securities pay a contingent coupon and
whether you are repaid the original offering price of your securities at stated maturity (if Wells Fargo & Company does not exercise its
redemption right) will depend in each case on the performance of the Index

Contingent Coupon. The securities will pay a contingent coupon on a monthly basis until the earlier of stated maturity or early
redemption if, a nd only if, the closing level of the Index on the calculation day for that month is greater than or equal to the coupon
threshold level. However, if the closing level of the Index is less than the coupon threshold level on a calculation day, you will not receive any
contingent coupon for the relevant month. If the closing level of the Index is less than the coupon threshold level on every calculation day,
you will not receive any contingent coupons throughout the entire 15-year term of the securities. The c oupon t hre shold le ve l is equal to
70% of the starting level. The contingent coupon rate is 7.80% per annum

Optional Redemption. Wells Fargo & Company may, at its option, redeem the securities on any contingent coupon payment date
beginning approximately one year after issuance. If Wells Fargo & Company elects to redeem the securities prior to maturity, you will
receive the original offering price plus a final contingent coupon payment, if any

Potential Loss of Principal. If Wells Fargo & Company does not redeem the securities prior to stated maturity, you will receive the
original offering price at stated maturity if, a nd only if, the closing level of the Index on the final calculation day is greater than or equal to
the downside threshold level. If the closing level of the Index on the final calculation day is less than the downside threshold level, you will
lose more than 50%, and possibly all, of the original offering price of your securities. The dow nside t hre shold le ve l is equal to 50% of
the starting level

If the securities are not redeemed prior to stated maturity, you will have full downside exposure to the Index from the starting level if the
closing level of the Index on the final calculation day is less than the downside threshold level, but you will not participate in any appreciation
of the Index and will not receive any dividends on securities included in the Index

All payments on the securities are subject to the credit risk of Wells Fargo & Company, and you will have no ability to pursue any securities
included in the Index for payment; if Wells Fargo & Company defaults on its obligations, you could lose some or all of your investment

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 se c urit ie s is $ 8 9 5 .8 7 pe r se c urit y. T he e st im a t e d
va lue of t he se c urit ie 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
se c urit ie 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 se c urit ie s ha ve c om ple x fe a t ure s a nd inve st ing in t he se c urit ie 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 "Risk Fa c t ors" he re in on pa ge PRS-1 1 .
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Definitive Pricing Supplement No. 690
T he se c urit ie 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 se c urit ie s a re subje c t t o t he c re dit risk of
We lls Fa rgo & Com pa ny. T he se c urit ie 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 se c urit ie 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 m a rk e t m e a sure 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 .



Original Offering Price

Agent Discount(1)

Proceeds to Wells Fargo
Per Security
$1,000.00

$30.00

$970.00
Total
$16,837,000.00

$505,110.00

$16,331,890.00

(1) Wells Fargo Securities, LLC, a wholly owned subsidiary of Wells Fargo & Company, is the agent for the distribution of the securities 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 Se c urit ie s--Ca lla ble w it h Cont inge nt Coupon a nd
Cont inge nt Dow nside
Princ ipa l a t Risk Se c urit ie s Link e d t o t he S& P 5 0 0 ® I nde x due J uly 3 1 , 2 0 3 1

I nve st m e nt De sc ript ion
The Principal at Risk Securities Linked to the S&P 500® Index due July 31, 2031 are senior unsecured debt securities of Wells Fargo & Company
("Wells Fargo") that do not provide for fixed payments of interest, do not repay a fixed amount of principal at stated maturity and are subject to
redemption by Wells Fargo beginning approximately one year after issuance. Whether the securities pay a monthly contingent coupon and, if the
securities are not previously redeemed by Wells Fargo, whether you are repaid the original offering price of your securities at stated maturity will
depend in each case upon the performance of the S&P 500® Index (the "Index"). The securities provide:

(i)
monthly contingent coupon payments at a rate of 7.80% per annum until the earlier of stated maturity or early redemption if, and only

if, the closing level of the Index on the applicable monthly calculation day is greater than or equal to 70% of the starting level;

(ii)
early redemption solely at the option of Wells Fargo beginning approximately one year after issuance for the original offering price plus

a final contingent coupon payment, if any; and


(iii) if Wells Fargo does not redeem the securities prior to stated maturity:

(a)
repayment of the original offering price if, and only if, the Index does not decline by more than 50% from the starting level to

the ending level; and

(b)
full exposure to the decline in the level of the Index from the starting level if the Index declines by more than 50% from the

starting level to the ending level.
If the closing level of the Index on any monthly calculation day is less than 70% of the starting level, you will not receive any contingent
coupon payment for that month. If the securities are not redeemed prior to stated maturity and the Index declines by more than 50%
from the starting level to the ending level, you will lose more than 50%, and possibly all, of the original offering price of your securities at
stated maturity. Accordingly, you will not receive any protection if the level of the Index declines by more than 50% from the starting
level to the ending level.
Any return on the securities will be limited to the sum of your contingent coupon payments, if any. You will not participate in any
appreciation of the Index, but you will be fully exposed to the decline in the Index if the securities are not redeemed prior to stated
maturity and the Index declines by more than 50% from the starting level to the ending level.
All payments on the securities are subject to the credit risk of Wells Fargo.
The Index is an equity index that is intended to provide an indication of the pattern of common stock price movement in the large capitalization
segment of the United States equity market.
You should read this pricing supplement together with the market measure supplement dated March 18, 2015, the prospectus supplement dated
March 18, 2015 and the prospectus dated March 18, 2015 for additional information about the securities. Information included in this pricing
supplement supersedes information in the market measure 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 prospectus supplement.
You may access the market measure 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):

· Market Measure Supplement dated March 18, 2015 filed with the SEC on March 18, 2015:
http://www.sec.gov/Archives/edgar/data/72971/000119312515096591/d890724d424b2.htm

· Prospectus Supplement dated March 18, 2015 and Prospectus dated March 18, 2015 filed with the SEC on March 18, 2015:
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Definitive Pricing Supplement No. 690
http://www.sec.gov/Archives/edgar/data/72971/000119312515096449/d890684d424b2.htm


The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by Wells Fargo & Company ("WFC"). Standard & Poor's®,
S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark
Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by WFC. The securities are not sponsored,
endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing
in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.

PRS-2
M a rk e t Link e d Se c urit ie s--Ca lla ble w it h Cont inge nt Coupon a nd
Cont inge nt Dow nside
Princ ipa l a t Risk Se c urit ie s Link e d t o t he S& P 5 0 0 ® I nde x due J uly 3 1 , 2 0 3 1

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

The original offering price of each security of $1,000 includes certain costs that are borne by you. Because of these costs, the estimated value of the
securities 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 securities, as well as to our funding considerations for debt of this type.
The costs related to selling, structuring, hedging and issuing the securities 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 securities and
(iii) hedging and other costs relating to the offering of the securities.
Our funding considerations take into account the higher issuance, operational and ongoing management costs of market-linked debt such as the
securities 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 securities 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 securities.
If the costs relating to selling, structuring, hedging and issuing the securities were lower, or if the assumed funding rate we use to determine the
economic terms of the securities were higher, the economic terms of the securities would be more favorable to you and the estimated value would
be higher. The estimated value of the securities 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 securities 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 securities by estimating the value of the combination of hypothetical financial
instruments that would replicate the payout on the securities, 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 securities (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 securities based upon an assumed funding rate that is generally lower than our secondary market
rates. In contrast, in determining the estimated value of the securities, 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 "Risk Factors--The Value Of The Securities 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 securities determined by WFS is subject to important limitations. See "Risk Factors--The Estimated Value Of The
Securities 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."
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Definitive Pricing Supplement No. 690
Valuation of the securities after issuance
The estimated value of the securities is not an indication of the price, if any, at which WFS or any other person may be willing to buy the securities
from you in the secondary market. The price, if any, at which WFS or any of its affiliates may purchase the securities in the secondary market will
be based upon WFS's proprietary pricing models and will fluctuate over the term of the securities due to changes in market conditions and other
relevant factors. 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 securities 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 securities is likely to be less than the original offering price.

PRS-3
M a rk e t Link e d Se c urit ie s--Ca lla ble w it h Cont inge nt Coupon a nd
Cont inge nt Dow nside
Princ ipa l a t Risk Se c urit ie s Link e d t o t he S& P 5 0 0 ® I nde x due J uly 3 1 , 2 0 3 1

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

If WFS or any of its affiliates makes a secondary market in the securities 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 securities 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 securities 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 securities on your brokerage
account statement.
If WFS or any of its affiliates makes a secondary market in the securities, WFS expects to provide those secondary market prices to any
unaffiliated broker-dealers through which the securities are held and to commercial pricing vendors. If you hold your securities through an account
at a broker-dealer other than WFS or any of its affiliates, that broker-dealer may obtain market prices for the securities from WFS (directly or
indirectly), but could also obtain such market prices from other sources, and may be willing to purchase the securities 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 securities. As a result, if you hold your securities through
an account at a broker-dealer other than WFS or any of its affiliates, the value of the securities on your brokerage account statement may be
different than if you held your securities at WFS or any of its affiliates.
The securities will not be listed or displayed on any securities exchange or any automated quotation system. Although WFS and/or its affiliates
may buy the securities from investors, they are not obligated to do so and are not required to make a market for the securities. There can be no
assurance that a secondary market will develop.

PRS-4
M a rk e t Link e d Se c urit ie s--Ca lla ble w it h Cont inge nt Coupon a nd
Cont inge nt Dow nside
Princ ipa l a t Risk Se c urit ie s Link e d t o t he S& P 5 0 0 ® I nde x due J uly 3 1 , 2 0 3 1

I nve st m e nt Conside ra t ions
We have designed the securities for investors who:

seek an investment with contingent monthly coupon payments at a rate of 7.80% per annum until the earlier of stated maturity or early
redemption, if, and only if, the closing level of the Index on the applicable monthly calculation day is greater than or equal to 70% of the
starting level;

understand that if we do not exercise our redemption right and the Index declines by more than 50% from the starting level to the ending level,
they will be fully exposed to the decline in the Index from the starting level and will lose more than 50%, and possibly all, of the original
offering price at stated maturity;

are willing to accept the risk that they may not receive any contingent coupon payment on one or more, or any, monthly contingent coupon
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Definitive Pricing Supplement No. 690
payment dates over the term of the securities and may lose all of the original offering price per security at maturity;

understand that we may redeem the securities prior to stated maturity at our option beginning approximately one year after issuance and that it
is more likely that we will redeem the securities when it would otherwise be advantageous for you to continue to hold the securities;

are willing to forgo participation in any appreciation of the Index and dividends on securities included in the Index; and

are willing to hold the securities to maturity.
The securities 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 securities to maturity;

require full payment of the original offering price of the securities at stated maturity;

seek a security with a fixed term;

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

are unwilling to accept the risk that the closing level of the Index may decline by more than 50% from the starting level to the ending level;

seek certainty of current income over the term of the securities;

seek exposure to the upside performance of the Index;

are unwilling to accept the risk of exposure to the large capitalization segment of the United States equity market;

are unwilling to accept the credit risk of Wells Fargo; or

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

PRS-5
M a rk e t Link e d Se c urit ie s--Ca lla ble w it h Cont inge nt Coupon a nd
Cont inge nt Dow nside
Princ ipa l a t Risk Se c urit ie s Link e d t o t he S& P 5 0 0 ® I nde x due J uly 3 1 , 2 0 3 1

T e rm s of t he Se c urit ie s


Market
S&P 500® Index
Measure:




Pricing Date:
July 26, 2016.





Issue Date:
July 29, 2016. (T+3)





Original
$1,000 per security. References in this pricing supplement to a "security" are to a security with an original offering price of
Offering Price:
$1,000.




On each contingent coupon payment date, you will receive a contingent coupon payment at a per annum rate equal to the
contingent coupon rate if, and only if, the closing level of the Index on the related calculation day is greater than or equal
to the coupon threshold level.

Contingent
If the closing level of the Index on any calculation day is less than the coupon threshold level, you will not receive
Coupon
any contingent coupon payment on the related contingent coupon payment date, and if the closing level of the Index
Payment:
is less than the coupon threshold level on all monthly calculation days, you will not receive any contingent coupon
payments over the term of the securities.

Each monthly contingent coupon payment, if any, will be calculated per security as follows: $1,000 x contingent coupon
rate x (30/360). Any contingent coupon payments will be rounded to the nearest cent, with one-half cent rounded upward.



Contingent
Monthly, on the fourth business day following each calculation day (as each such calculation day may be postponed
Coupon
pursuant to "--Postponement of a Calculation Day" below, if applicable), provided that the contingent coupon payment
Payment Dates:
date with respect to the final calculation day will be the stated maturity date.
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Definitive Pricing Supplement No. 690




Contingent
The "contingent coupon rate" is 7.80% per annum.
Coupon Rate:



Wells Fargo may, at its option, redeem the securities, in whole but not in part, on any optional redemption date. If Wells
Fargo elects to redeem the securities prior to stated maturity, you will be entitled to receive on the applicable optional
redemption date a cash payment per security in U.S. dollars equal to the original offering price per security plus a final
contingent coupon payment, if any.

Optional
If Wells Fargo elects to redeem the securities on an optional redemption date, Wells Fargo will give you notice on or
Redemption:
before the calculation day immediately preceding that optional redemption date. Any redemption of the securities will be at
Wells Fargo's option and will not automatically occur based on the performance of the Index.

If the securities are redeemed, they will cease to be outstanding on the applicable optional redemption date and you will
have no further rights under the securities after that date.


Monthly, on the 25th day of each month, commencing August 2016 and ending June 2031, and the final calculation day,
Calculation
each subject to postponement as described below under "--Postponement of a Calculation Day." We refer to July 25, 2031
Days:
as the "final calculation day."


Optional
Monthly, beginning approximately one year after the issue date, on the contingent coupon payment dates following each
Redemption
calculation day scheduled to occur from July 2017 to June 2031, inclusive.
Dates:



July 31, 2031. If the final calculation day is postponed, the stated maturity date will be the later of (i) July 31, 2031 and (ii)
three business days after the final calculation day as postponed. See "--Postponement of a Calculation Day" below. If the
Stated Maturity
stated maturity date is not a business day, the payment to be made on the stated maturity date will be made on the next
Date:
succeeding business day with the same force and effect as if it had been made on the stated maturity date. The securities are
not subject to repayment at the option of any holder of the securities prior to the stated maturity date.


PRS-6
M a rk e t Link e d Se c urit ie s--Ca lla ble w it h Cont inge nt Coupon a nd
Cont inge nt Dow nside
Princ ipa l a t Risk Se c urit ie s Link e d t o t he S& P 5 0 0 ® I nde x due J uly 3 1 , 2 0 3 1

T e rm s of t he Se c urit ie s (Cont inue d)

If Wells Fargo does not redeem the securities prior to the stated maturity date, you will be entitled to receive on the stated
maturity date a cash payment per security in U.S. dollars equal to the redemption amount (in addition to the final contingent
coupon payment, if any). The "redemption amount" per security will equal:


· if the ending level is greater than or equal to the downside threshold level: $1,000; or


· if the ending level is less than the downside threshold level: $1,000 minus:








starting level ­ ending level
$1,000 ×




starting level


Payment at
If Wells Fargo does not redeem the securities prior to stated maturity and the ending level is less than the downside
Stated Maturity:
threshold level, you will lose more than 50%, and possibly all, of the original offering price of your securities at
stated maturity.

Any return on the securities will be limited to the sum of your contingent coupon payments, if any. You will not
participate in any appreciation of the Index, but you will be fully exposed to a decrease in the Index if the ending
level is less than the downside threshold level.


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., 0.000005 would be rounded to 0.00001); and the redemption amount will be rounded
to the nearest cent, with one-half cent rounded upward.


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Definitive Pricing Supplement No. 690
The "closing level" of the Index on any trading day means the official closing level of the Index reported by the index
sponsor on such trading day, as obtained by the calculation agent on such trading day from the licensed third-party market
data vendor contracted by the calculation agent at such time; in particular, taking into account the decimal precision and/or

Closing Level:
rounding convention employed by such licensed third-party market data vendor on such date. Currently, the calculation

agent obtains market data from Thomson Reuters Ltd., but the calculation agent may change its market data vendor at any
time without notice. The foregoing provisions of this definition of "closing level" are subject to the provisions set forth
below under "Additional Terms of the Securities--Market Disruption Events," "--Adjustments to the Index" and "--
Discontinuance of the Index."


Starting Level:
2169.18, the closing level of the Index on the pricing date.





Ending Level:
The "ending level" will be the closing level of the Index on the final calculation day.




Coupon

1518.426, which is equal to 70% of the starting level.
Threshold Level:



Downside

1084.59, which is equal to 50% of the starting level.
Threshold Level:


If any calculation day is not a trading day, such calculation day will be postponed to the next succeeding trading day. A
calculation day is also subject to postponement due to the occurrence of a market disruption event. See "Additional Terms
of the Securities--Market Disruption Events."


Postponement
A "trading day" means a day, as determined by the calculation agent, on which (i) the relevant stock exchanges with respect
of a
to each security underlying the Index are scheduled to be open for trading for their respective regular trading sessions and
Calculation
(ii) each related futures or options exchange is scheduled to be open for trading for its regular trading session. The "relevant
Day:
stock exchange" for any security underlying the Index means the primary exchange or quotation system on which such

security is traded, as determined by the calculation agent. The "related futures or options exchange" for the Index means an
exchange or quotation system where trading has a material effect (as determined by the calculation agent) on the overall
market for futures or options contracts relating to the Index.


Calculation

Wells Fargo Securities, LLC
Agent:



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T e rm s of t he Se c urit ie s (Cont inue d)



No Listing:
The securities will not be listed on any securities exchange or automated quotation system.





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




Wells Fargo Securities, LLC, a wholly owned subsidiary of Wells Fargo & Company. The agent may resell the securities
to other securities dealers at the original offering price of the securities less a concession not in excess of $30.00 per
security.

The agent or another affiliate of ours expects to realize hedging profits projected by its proprietary pricing models to the
Agent:
extent it assumes the risks inherent in hedging our obligations under the securities. If any dealer participating in the
distribution of the securities or any of its affiliates conducts hedging activities for us in connection with the securities, 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 any discount or concession received in connection with the sale of the
securities to you.



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





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Definitive Pricing Supplement No. 690
CUSIP:
94986RQ38




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De t e rm ining Pa ym e nt On A Cont inge nt Coupon Pa ym e nt Da t e a nd a t M a t urit y
On each monthly contingent coupon payment date, you will either receive a contingent coupon payment or you will not receive a contingent
coupon payment, depending on the closing level of the Index on the related monthly calculation day, as follows:

On the stated maturity date, if we have not previously redeemed the securities, you will receive (in addition to the final contingent coupon
payment, if any) a cash payment per security (the redemption amount) calculated as follows:


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H ypot he t ic a l Pa yout Profile
The following profile illustrates the potential payment at stated maturity on the securities (excluding the final contingent coupon payment, if any),
assuming the securities have not been redeemed prior to the stated maturity date. This graph has been prepared for purposes of illustration only.
Your actual return will depend on the actual ending level and whether you hold your securities to stated maturity.


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Risk Fa c t ors
The securities have complex features and investing in the securities will involve risks not associated with an investment in conventional debt
securities. You should carefully consider the risk factors set forth below as well as the other information contained in this pricing supplement and
the accompanying market measure supplement, prospectus supplement and prospectus, including the documents they incorporate by reference. As
described in more detail below, the value of the securities may vary considerably before the stated maturity date due to events that are difficult to
predict and are beyond our control. You should reach an investment decision only after you have carefully considered with your advisors the
suitability of an investment in the securities in light of your particular circumstances.
If We Do Not Redeem The Securities Prior to Stated Maturity, You May Lose Some Or All Of The Original Offering Price Of Your
Securities At Stated Maturity.
We will not repay you a fixed amount on your securities at stated maturity. If we do not exercise our right to redeem the securities prior to stated
maturity, you will receive a payment at stated maturity that will be equal to or less than the original offering price per security, depending on the
closing level of the Index on the final calculation day.
If the ending level is less than the downside threshold level, the payment you receive at stated maturity will be reduced by an amount equal to the
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Definitive Pricing Supplement No. 690
decline in the level of the Index to the extent it is below the starting level (expressed as a percentage of the starting level). The downside threshold
level is 50% of the starting level. For example, if we do not redeem the securities prior to stated maturity and the Index has declined by 50.1%
from the starting level to the ending level, you will not receive any benefit of the contingent downside protection feature and you will lose 50.1%
of the original offering price per security. As a result, you will not receive any protection if the level of the Index declines significantly and you
may lose some, and possibly all, of the original offering price per security at stated maturity, even if the level of the Index is greater than or equal
to the starting level or the downside threshold level at certain times during the term of the securities.
Even if the ending level is greater than the downside threshold level, the amount you receive at stated maturity will not exceed the original offering
price, and your yield on the securities, taking into account any contingent coupon payments you may have received during the term of the
securities, may be less than the yield you would earn if you bought a traditional interest-bearing debt security of Wells Fargo or another issuer with
a similar credit rating.
The Securities Do Not Provide For Fixed Payments Of Interest And You May Receive No Coupon Payments On One Or More Monthly
Contingent Coupon Payment Dates, Or Even Throughout The Entire Fifteen-Year Term Of The Securities.
On each monthly contingent coupon payment date you will receive a contingent coupon payment if, and only if, the closing level of the Index on
the related calculation day is greater than or equal to the coupon threshold level. The coupon threshold level is 70% of the starting level. If the
closing level is less than the coupon threshold level on any calculation day, you will not receive any contingent coupon payment on the related
contingent coupon payment date, and if the closing level of the Index is less than the coupon threshold level on each calculation day over the term
of the securities, you will not receive any contingent coupon payments over the entire fifteen-year term of the securities.
You May Be Fully Exposed To The Decline In The Index From The Starting Level, But Will Not Participate In Any Positive Performance
Of The Index.
Even though you will be fully exposed to a decline in the level of the Index below the downside threshold level, you will not participate in any
increase in the level of the Index over the term of the securities. Your maximum possible return on the securities will be limited to the sum of the
contingent coupon payments you receive, if any. Consequently, your return on the securities may be significantly less than the return you could
achieve on an alternative investment that provides for participation in an increase in the level of the Index.
Higher Contingent Coupon Rates Are Associated With Greater Risk.
The securities offer contingent coupon payments at a higher rate, if paid, than the fixed rate we would pay on conventional debt securities of the
same maturity. These higher potential contingent coupon payments are associated with greater levels of expected risk as of the pricing date as
compared to conventional debt securities, including the risk that you may not receive a contingent coupon payment on one or more, or any,
contingent coupon payment dates and the risk that you may lose a substantial portion, and possibly all, of the original offering price per security at
maturity. The volatility of the Index is an important factor affecting this risk. Volatility is a measurement of the size and frequency of daily
fluctuations in the level of the Index, typically observed over a specified period of time. Volatility can be measured in a variety of ways, in
particular, on an historical basis or, on an expected basis, as implied by option prices in the market. Greater expected volatility of the Index as of
the pricing date may result in a higher contingent coupon rate, but it also represents a greater expected likelihood as of the pricing date that the
closing level of the Index will be less than the coupon

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Risk Fa c t ors (Cont inue d)

threshold level on one or more calculation days, such that you will not receive one or more, or any, contingent coupon payments during the term of
the securities and that the closing level of the Index will be less than the downside threshold level on the final calculation day, such that you will
lose a substantial portion, and possibly all, of the original offering price per security at maturity. In general, the higher the contingent coupon rate is
relative to the fixed rate we would pay on conventional debt securities, the greater the expected risk that you will not receive one or more, or any,
contingent coupon payments during the term of the securities and that you will lose a substantial portion, and possibly all, of the original offering
price per security at maturity.
Our Redemption Right May Limit Your Potential To Receive Contingent Coupon Payments.
We may, at our option, redeem the securities on any contingent coupon payment date beginning approximately one year after issuance. Although
exercise of the redemption right will be within our sole discretion, we will be more likely to redeem the securities at a time when the Index is
performing favorably from your perspective--in other words, at a time when, if the securities were to remain outstanding, it is more likely that you
would have continued to receive contingent coupon payments and been repaid the original offering price at maturity. Therefore, our redemption
right is likely to limit your potential to receive contingent coupon payments if the Index is performing favorably from your perspective. On the
other hand, we will be less likely to redeem the securities at a time when the Index is performing unfavorably from your perspective--in other
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Document Outline