Obbligazione Wells Fargo & Company 0.628% ( US94986RVA66 ) in USD

Wells Fargo & Company

100 USD ▲

Stati Uniti

US94986RVA66 ( in USD )

0.628% per anno ( pagato 2 volte l'anno)

30/09/2024 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Wells Fargo US94986RVA66 in USD 0.628%, scaduta

1 000 USD

9 337 000 USD

94986RVA6

BBB+ ( Lower medium grade - Investment-grade )

A1 ( Upper medium grade - Investment-grade )

Wells Fargo è una delle maggiori istituzioni finanziarie statunitensi, operante nel settore bancario, finanziario e di gestione patrimoniale.

Analizziamo un'obbligazione specifica di Wells Fargo, identificata dal codice ISIN US94986RVA66 e CUSIP 94986RVA6, che ha raggiunto la sua scadenza ed è stata rimborsata; l'emittente di questa obbligazione è Wells Fargo & Company, una delle principali istituzioni finanziarie americane con sede a San Francisco, California, che opera a livello globale offrendo una vasta gamma di servizi bancari, di investimento, mutui e finanziari a consumatori, piccole imprese, aziende e istituzioni, riconosciuta come una delle "Big Four" banche statunitensi con una storia che risale al 1852 e una vasta rete e solida base clienti che la rendono un attore chiave nel panorama finanziario mondiale; l'obbligazione, emessa dagli Stati Uniti, era denominata in dollari statunitensi (USD) e presentava un tasso d'interesse dello 0,628% con una frequenza di pagamento semestrale (due volte all'anno); la dimensione totale dell'emissione ammontava a 9.337.000 USD, con un taglio minimo di acquisto fissato a 1.000 USD; la data di scadenza di questa obbligazione era il 30 settembre 2024, e, come precedentemente indicato, è stata rimborsata integralmente ai suoi detentori, con il prezzo di mercato al momento della sua scadenza che si attestava al 100% del valore nominale; la qualità creditizia dell'emittente, Wells Fargo, era stata valutata dalle principali agenzie di rating globali: Standard & Poor's (S&P) aveva assegnato un rating di BBB+, mentre Moody's la classificava con un A1, indicando una solida capacità dell'emittente di far fronte ai propri impegni finanziari, ponendola saldamente nella categoria "investment grade".

Definitive Pricing Supplement No. 459
424B2 1 d796973d424b2.htm DEFINITIVE PRICING SUPPLEMENT NO. 459
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 30-Year Constant Maturity Swap Rate
due September 30, 2024

$9,337,000

$1,202.61

(1)
The total filing fee of $1,202.61 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. 459 dated September 25, 2014
(To 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

Fix e d t o Floa t ing Ra t e N ot e s
N ot e s Link e d t o t he 3 0 -Y e a r Const a nt M a t urit y Sw a p Ra t e
due Se pt e m be r 3 0 , 2 0 2 4

Quarterly interest payments

The per annum rate of interest payable on the notes will be equal to 5.00% for the first year and thereafter
will be reset quarterly and will be equal to the product of the 30-Year Constant Maturity Swap Rate and a

multiplier equal to 0.70

Term of approximately 10 years

Survivor's option

All payments on the notes are subject to the credit risk of Wells Fargo & Company; 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 not e s is $ 9 5 7 .3 5 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 "Risk Fa c t ors" on pa ge PRS-8 .
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 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 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
http://www.sec.gov/Archives/edgar/data/72971/000119312514356131/d796973d424b2.htm[9/29/2014 1:12:34 PM]

Definitive Pricing Supplement No. 459
Per Note
$1,000.00

$10.00

$990.00
Total
$9,337,000.00

$91,605.00

$9,245,395.00

(1) The per note agent discount in the table above represents the maximum agent discount payable per note. The total agent discount and total proceeds to Wells Fargo
in the table above reflect the actual total agent discount payable in respect of the notes. 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
Fix e d t o Floa t ing Ra t e N ot e s
N ot e s Link e d t o t he 3 0 -Y e a r Const a nt M a t urit y Sw a p Ra t e due Se pt e m be r 3 0 , 2 0 2 4

I nve st m e nt De sc ript ion
The Notes Linked to the 30-Year Constant Maturity Swap Rate due September 30, 2024 are senior unsecured debt securities of Wells Fargo &
Company and are part of a series entitled "Medium-Term Notes, Series K."
All payments on the notes are subject to the credit risk of Wells Fargo.
The notes are designed for investors who seek fixed rate interest payments equal to 5.00% per annum for the first year and floating interest rate
payments linked to the 30-Year Constant Maturity Swap Rate (the "30-Year CMS Rate") thereafter and who are willing to accept floating interest
payments at a rate that will be less than the 30-Year CMS Rate (due to the multiplier of 0.70) in exchange for the fixed interest rate in the first
year. The 30-Year CMS Rate is, on any U.S. government securities business day, the fixed rate of interest payable on an interest rate swap with a
30-year maturity as reported by Reuters Screen ISDAFIX1 Page as of 11:00 a.m., New York City time, on that day. An interest rate swap rate, at
any given time, generally indicates the fixed rate of interest (paid semi-annually) that a counterparty in the swaps market would have to pay for a
given maturity in order to receive a floating rate (paid quarterly) equal to 3 month LIBOR for that same maturity. The 30-Year CMS Rate is one of
the market-accepted indicators of long-term interest rates.
You should read this pricing supplement together with the prospectus supplement dated April 13, 2012 and prospectus dated April 13, 2012 for
additional information about the notes. Information included in this pricing supplement supersedes information in the 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 prospectus supplement and prospectus on the SEC website www.sec.gov as follows (or if such address has changed, by
reviewing our filings for the relevant date on the SEC website):

· 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

PRS-2
Fix e d t o Floa t ing Ra t e N ot e s
N ot e s Link e d t o t he 3 0 -Y e a r Const a nt M a t urit y Sw a p Ra t e due Se pt e m be r 3 0 , 2 0 2 4

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.
http://www.sec.gov/Archives/edgar/data/72971/000119312514356131/d796973d424b2.htm[9/29/2014 1:12:34 PM]

Definitive Pricing Supplement No. 459
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 "Risk Factors--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 "Risk Factors--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."
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

PRS-3
Fix e d t o Floa t ing Ra t e N ot e s
N ot e s Link e d t o t he 3 0 -Y e a r Const a nt M a t urit y Sw a p Ra t e due Se pt e m be r 3 0 , 2 0 2 4

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

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. 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 principal 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
http://www.sec.gov/Archives/edgar/data/72971/000119312514356131/d796973d424b2.htm[9/29/2014 1:12:34 PM]

Definitive Pricing Supplement No. 459
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
Fix e d t o Floa t ing Ra t e N ot e s
N ot e s Link e d t o t he 3 0 -Y e a r Const a nt M a t urit y Sw a p Ra t e due Se pt e m be r 3 0 , 2 0 2 4

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

seek current income at a fixed rate of interest of 5.00% per annum for the first year and a floating rate of interest thereafter;

seek an investment with a per annum interest rate that will be reset quarterly after the first year and will be equal to the product of the 30-Year
CMS Rate and the multiplier of 0.70;

are willing to accept a floating interest rate on the notes that will be lower than the 30-Year CMS Rate after the first year due to the multiplier
of 0.70 in exchange for a fixed interest rate of 5.00% per annum for the first year;

are willing to hold the notes until maturity; and

seek an investment with a survivor's option.
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;

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

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

prefer the certainty of investments with fixed coupons for the entire term of the investment and with comparable maturities issued by
companies with comparable credit ratings.

PRS-5
Fix e d t o Floa t ing Ra t e N ot e s
N ot e s Link e d t o t he 3 0 -Y e a r Const a nt M a t urit y Sw a p Ra t e due Se pt e m be r 3 0 , 2 0 2 4

T e rm s of t he N ot e s

Pricing Date:
September 25, 2014.

Issue Date:
September 30, 2014. (T+3)

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

September 30, 2024. The notes are not subject to redemption by Wells Fargo prior to the stated maturity date. The notes
Stated Maturity
are not subject to repayment at the option of any holder of the notes prior to the stated maturity date except as set forth
Date:

below under "Survivor's Option" on page PRS-11.

Unless repaid prior to stated maturity pursuant to the Survivor's Option described herein, a holder will be entitled to
Payment at
receive on the stated maturity date a cash payment in U.S. dollars equal to $1,000 per note, plus any accrued and unpaid
Maturity:

interest.

Each March 30, June 30, September 30 and December 30, commencing December 30, 2014 and ending at maturity.
http://www.sec.gov/Archives/edgar/data/72971/000119312514356131/d796973d424b2.htm[9/29/2014 1:12:34 PM]

Definitive Pricing Supplement No. 459
Except as described below for the first interest period, on each interest payment date, interest will be paid for the period
commencing on and including the immediately preceding interest payment date and ending on and including the day
immediately preceding that interest payment date. This period is referred to as an "interest period." The first interest
Interest Payment
period will commence on and include the issue date and end on and include December 29, 2014. Interest payable with
Dates:
respect to an interest period will be computed on the basis of a 360-day year of twelve 30-day months. If a scheduled

interest payment date is not a business day, interest will be paid on the next business day, and interest on that payment
will not accrue during the period from and after the scheduled interest payment date.

The interest rate that will apply during the first four interest periods (up to and including the interest period ending
September 29, 2015) will be equal to 5.00% per annum. For all interest periods commencing on or after September 30,
2015, the interest rate that will apply during an interest period will be equal to (i) the 30-Year Constant Maturity Swap
Rate on the determination date for such interest period multiplied by (ii) the multiplier.

The "determination date" for an interest period commencing on or after September 30, 2015 will be two U.S. government
securities business days prior to the first day of such interest period.

"30-Year Constant Maturity Swap Rate," or "30-Year CMS Rate," means, for any determination date, the "USD-ISDA-
Swap Rate," which will be the rate for U.S. Dollar swaps with a designated maturity of 30 years, expressed as a
percentage, that appears on the Reuters Screen ISDAFIX1 Page (or any successor page thereto) as of 11:00 a.m., New
Interest Rate:
York City time, on such determination date.

If such rate does not appear on the Reuters Screen ISDAFIX1 Page (or any successor page thereto) at such time, the
calculation agent shall determine the 30-Year CMS Rate for the relevant determination date on the basis of the mid-
market semi-annual swap rate quotations provided by the reference banks at approximately 11:00 a.m., New York City
time, on such determination date. The calculation agent will request the principal New York City office of each of the
reference banks to provide a quotation of its rate, and

(i)
if at least three quotations are provided, the rate for that determination date will be the arithmetic mean of the
quotations, eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest
quotation (or, in the event of equality, one of the lowest); and

(ii)
if fewer than three quotations are provided, the calculation agent will determine the rate in its sole discretion.

PRS-6
Fix e d t o Floa t ing Ra t e N ot e s
N ot e s Link e d t o t he 3 0 -Y e a r Const a nt M a t urit y Sw a p Ra t e due Se pt e m be r 3 0 , 2 0 2 4

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

"U.S. government securities business day" means any day except for a Saturday, Sunday or a day on which the Securities
Industry and Financial Markets Association recommends that the fixed income department of its members be closed for
the entire day for purposes of trading in U.S. government securities.

"Reference banks" means five leading swap dealers selected by the calculation agent in its sole discretion in the New York
City interbank market.

"Mid-market semi-annual swap rate" means, on any determination date, the mean of the bid and offered rates for the semi-
annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating U.S. Dollar interest rate swap transaction
with a term equal to the applicable 30-year maturity commencing on such determination date and in a representative
amount with an acknowledged dealer of good credit in the swap market, where the floating leg, calculated on an
actual/360 day count basis, is equivalent to U.S. Dollar LIBOR with a designated maturity of three months.

"Representative amount" means an amount that is representative for a single transaction in the relevant market at the
relevant time as determined by the calculation agent in its sole discretion.

Calculation
Agent:
Wells Fargo Securities, LLC.

http://www.sec.gov/Archives/edgar/data/72971/000119312514356131/d796973d424b2.htm[9/29/2014 1:12:34 PM]

Definitive Pricing Supplement No. 459
Multiplier
0.70

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

Survivor's
We have agreed to repay the notes, if requested by the authorized representative of the beneficial owner of such notes,
Option:
following the death of the beneficial owner as described under "Survivor's Option" below on page PRS-11.

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

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 $10.00 per note. Such
securities dealers may include Wells Fargo Advisors, LLC, one of our affiliates.

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 or concession received in connection with the sale of the notes to you.

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

CUSIP:
94986RVA6

PRS-7
Fix e d t o Floa t ing Ra t e N ot e s
N ot e s Link e d t o t he 3 0 -Y e a r Const a nt M a t urit y Sw a p Ra t e due Se pt e m be r 3 0 , 2 0 2 4

Risk Fa c t ors
The notes have complex features and investing in the notes will involve risks. You should carefully consider the risk factors set forth below as well
as the other information contained in the prospectus supplement and prospectus, including the documents they incorporate by reference. 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 Amount Of Interest You Receive May Be Less Than The Return You Could Earn On Other Investments And The Floating Rate of
Interest You Receive After The First Year Will Be Less Than The 30-Year CMS Rate Due To The Multiplier
Interest rates may change significantly over the term of the notes, and it is impossible to predict what interest rates will be at any point in the
future. Although the interest rate on the notes will be equal to 5.00% per annum for the first year and thereafter will be based on the level of the
30-Year CMS Rate, the interest rate that will apply at any time on the notes may be more or less than other prevailing market interest rates at such
time. In addition, the interest rate on the notes after the first year will be less than the level of the 30-Year CMS Rate for any quarterly interest
period due to the effect of the multiplier of 0.70. As a result, the amount of interest you receive on the notes may be less than the return you could
earn on other investments.
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. 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 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
http://www.sec.gov/Archives/edgar/data/72971/000119312514356131/d796973d424b2.htm[9/29/2014 1:12:34 PM]

Definitive Pricing Supplement No. 459
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
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 factor. Any such
secondary market price for the notes will also be reduced by a bid-offer spread, which may vary depending on the aggregate principal 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 factor change significantly in your favor,

PRS-8
Fix e d t o Floa t ing Ra t e N ot e s
N ot e s Link e d t o t he 3 0 -Y e a r Const a nt M a t urit y Sw a p Ra t e due Se pt e m be r 3 0 , 2 0 2 4

Risk Fa c t ors (Cont inue d)

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 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 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. When we refer to the "value" of your note, we
mean the value that you could receive for your note if you are able to sell it in the open market before the stated maturity date.

· The 30-Year CMS Rate. The value of the notes prior to maturity will be influenced by the level of forward rates for the 30-Year

CMS Rate at that time.

· Interest Rates. The value of the notes may be affected by changes in the interest rates and in the yield curve in the U.S. markets.

· Time Remaining To Maturity. The value of the notes at any given time prior to maturity will likely be different from that which
would be expected based on the then-current level of the 30-Year CMS Rate. This difference will most likely reflect a discount due to

expectations and uncertainty concerning the level of the 30-Year CMS Rate during the period of time still remaining to the maturity
date. In general, as the time remaining to maturity decreases, the value of the notes will approach the amount payable at maturity.

· Volatility of the 30-Year CMS Rate. Volatility is the term used to describe the size and frequency of fluctuations in the level of the

30-Year CMS Rate. The value of the notes may be affected if the volatility of the 30-Year CMS Rate changes.
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. You should understand that the impact of one of the factors specified above, such as a change in interest
rates, may offset some or all of any change in the value of the notes attributable to another factor, such as a change in the 30-Year CMS Rate.
Because several factors are expected to affect the value of the notes, changes in the 30-Year CMS Rate may not result in a comparable change in
the value of the notes.
http://www.sec.gov/Archives/edgar/data/72971/000119312514356131/d796973d424b2.htm[9/29/2014 1:12:34 PM]

Definitive Pricing Supplement No. 459
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-9
Fix e d t o Floa t ing Ra t e N ot e s
N ot e s Link e d t o t he 3 0 -Y e a r Const a nt M a t urit y Sw a p Ra t e due Se pt e m be r 3 0 , 2 0 2 4

Risk Fa c t ors (Cont inue d)

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 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 30-
year CMS Rate in the event that the 30-Year CMS Rate is not determined by reference to the Reuters Screen ISDAFIX1 Page or

reference bank quotations. In performing its functions, 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 "Risk Factors--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.

· A participating dealer or its affiliates may realize hedging profits projected by its proprietary pricing models in addition to any
selling concession, creating a further incentive for the participating dealer to sell the notes to you. If any participating dealer or any
of its affiliates conducts hedging activities for us in connection with the notes, that participating dealer or its affiliates will expect to

realize a projected profit from such hedging activities and this projected profit will be in addition to the concession that the
participation dealer realizes for the sale of the notes to you. This additional projected profit may create a further incentive for the
participating dealer to sell the notes to you.

PRS-10
Fix e d t o Floa t ing Ra t e N ot e s
N ot e s Link e d t o t he 3 0 -Y e a r Const a nt M a t urit y Sw a p Ra t e due Se pt e m be r 3 0 , 2 0 2 4

Survivor's Opt ion
We have agreed to repay the notes, if requested by the authorized representative of the beneficial owner of such notes, following the death of the
beneficial owner, so long as the notes were acquired by the beneficial owner at least six months prior to the request. We refer to this agreement as
the "survivor's option."
Upon the valid exercise of the survivor's option and the proper tender of the notes for repayment, we will repay the notes, in whole or in part, at a
price equal to 100% of the principal amount of the deceased beneficial owner's beneficial interest in the notes, plus any accrued and unpaid interest
to the date of repayment.
http://www.sec.gov/Archives/edgar/data/72971/000119312514356131/d796973d424b2.htm[9/29/2014 1:12:34 PM]

Definitive Pricing Supplement No. 459
To be valid, the survivor's option must be exercised by or on behalf of the person who has authority to act on behalf of the deceased beneficial
owner of the notes under the laws of the applicable jurisdiction (including, without limitation, the personal representative of or the executor of the
estate of the deceased beneficial owner or the surviving joint owner with the deceased beneficial owner).
A beneficial owner of a note is a person who has the right, immediately prior to such person's death, to receive the proceeds from the disposition
of that note, as well as the right to receive the principal amount of the note plus any accrued and unpaid interest.
The death of a person holding a beneficial ownership interest in a note as a joint tenant or tenant by the entirety with another person, or as a tenant
in common with the deceased holder's spouse, will be deemed the death of a beneficial owner of that note, and the entire principal amount of the
note held in this manner will be subject to repayment by us upon exercise of the survivor's option. However, the death of a person holding a
beneficial ownership interest in a note as tenant in common with a person other than such deceased holder's spouse will be deemed the death of a
beneficial owner only with respect to such deceased person's interest in the note, and only the deceased beneficial owner's percentage interest in
the principal amount of the note will be subject to repayment.
The death of a person who, during his or her lifetime, was entitled to substantially all of the beneficial ownership interests in a note will be deemed
the death of the beneficial owner of that note for purposes of the survivor's option, regardless of whether that beneficial owner was the registered
holder of the note, if the beneficial ownership interest can be established to the satisfaction of Wells Fargo Bank, N.A., as our paying agent (the
"paying agent"). A beneficial ownership interest will be deemed to exist in typical cases of nominee ownership, ownership under the Uniform
Transfers to Minors Act or Uniform Gifts to Minors Act, community property, or other joint ownership arrangements between a husband and wife.
In addition, the beneficial ownership interest in a note will be deemed to exist in custodial and trust arrangements where one person has all of the
beneficial ownership interest in that note during his or her lifetime. In the case of a joint trust, the joint tenant rules above will apply to the
respective beneficial ownership interests.
We have the discretionary right to limit the aggregate principal amount of the notes as to which exercises of the survivor's option will be accepted
by us in any calendar year to an amount equal to the greater of $2,500,000 or 2.5% of the principal amount of the notes outstanding as of the end of
the most recent calendar year. We also have the discretionary right to limit the aggregate principal amount of notes as to which exercises of the
survivor's option will be accepted by us from the authorized representative for any individual deceased beneficial owner of notes in any calendar
year to $300,000. In addition, we will not permit the exercise of the survivor's option for a note with a principal amount of less than $1,000, and
we will not permit the exercise of the survivor's option if such exercise will result in a note with a principal amount of less than $1,000
outstanding.
An otherwise valid election to exercise the survivor's option may not be withdrawn. An election to exercise the survivor's option will be accepted
in the order that it was received by the paying agent, except for any note the acceptance of which would contravene the limitations described
above. Notes accepted for repayment through the exercise of the survivor's option normally will be repaid on the first interest payment date that
occurs 10 or more calendar days after the date of the acceptance. For example, if the acceptance date of a note tendered pursuant to a valid exercise
of the survivor's option is June 25, 2015, we would normally repay or repurchase that note on the interest payment date occurring on September 30,
2015, because the June 30, 2015 interest payment date would occur less than 10 days from the date of acceptance. Each tendered note that is not
accepted in a calendar year due to the application of the limitation described in the preceding paragraph will be deemed to be tendered in the
following calendar year in the order in which all such notes were originally tendered. If a note tendered through a valid exercise of the survivor's
option is not accepted, the paying agent will deliver a notice by first-class mail to the registered holder, at that holder's last known address as
indicated in the note register, that states the reason that note has not been accepted for repayment.

PRS-11
Fix e d t o Floa t ing Ra t e N ot e s
N ot e s Link e d t o t he 3 0 -Y e a r Const a nt M a t urit y Sw a p Ra t e due Se pt e m be r 3 0 , 2 0 2 4

Survivor's Opt ion (Cont inue d)

Since the notes will be represented by a global security, DTC, as depository, or its nominee will be treated as the holder of the notes and will be the
only entity that can exercise the survivor's option for such notes. To obtain repayment of a note pursuant to exercise of the survivor's option, the
deceased beneficial owner's authorized representative must provide the following items to the broker or other entity through which the beneficial
interest in the note is held by the deceased beneficial owner:

· appropriate evidence satisfactory to the paying agent that:

(a) the deceased was the beneficial owner of the note at the time of death and his or her interest in the note was acquired by the

deceased beneficial owner at least six months prior to the request for repayment,

(b) the death of the beneficial owner has occurred and the date of death, and

(c) the representative has authority to act on behalf of the deceased beneficial owner;

http://www.sec.gov/Archives/edgar/data/72971/000119312514356131/d796973d424b2.htm[9/29/2014 1:12:34 PM]

Definitive Pricing Supplement No. 459
· if the beneficial interest in the note is held by a nominee or trustee of, or custodian for, or other person in a similar capacity to, the

deceased beneficial owner, a certificate satisfactory to the paying agent from the nominee, trustee, custodian or similar person
attesting to the deceased's beneficial ownership of that note;

· a written request for repayment signed by the authorized representative of the deceased beneficial owner with the signature guaranteed

by a member firm of a registered national securities exchange or of the Financial Industry Regulatory Authority, Inc. or a commercial
bank or trust company having an office or correspondent in the United States;

· if applicable, a properly executed assignment or endorsement;

· tax waivers and any other instruments or documents that the paying agent reasonably requires in order to establish the validity of the

beneficial ownership of the note and the claimant's entitlement to payment; and

· any additional information the paying agent requires to evidence satisfaction of any conditions to the exercise of the survivor's option

or to document beneficial ownership or authority to make the election and to cause the repayment of the note.
In turn, the broker or other entity will deliver each of these items to the paying agent and will certify to the paying agent that the broker or other
entity represents the deceased beneficial owner.
We retain the right to limit the aggregate principal amount of notes as to which exercises of the survivor's option will be accepted by us from the
authorized representative for any individual deceased beneficial owner of notes in any calendar year as described above. All other questions
regarding the eligibility or validity of any exercise of the survivor's option will be determined by the paying agent, in its sole discretion, which
determination will be final and binding on all parties.
The broker or other entity will be responsible for disbursing payments received from the paying agent to the authorized representative. See the
section entitled "Description of Notes--Book-Entry, Delivery and Form" in the prospectus supplement.
Forms for the exercise of the survivor's option may be obtained from Wells Fargo Bank, N.A., Corporate Trust Operations, 608 2nd Avenue South,
Minneapolis, MN 55479, Attn: Reorg, 1-612-316-2449.

PRS-12
Fix e d t o Floa t ing Ra t e N ot e s
N ot e s Link e d t o t he 3 0 -Y e a r Const a nt M a t urit y Sw a p Ra t e due Se pt e m be r 3 0 , 2 0 2 4

H ist oric a l 3 0 -Y e a r CM S Ra t e I nform a t ion
The following graph sets forth the 30-Year CMS Rate for each day in the period from January 1, 2004 to September 25, 2014. On September 25,
2014, the 30-Year CMS Rate was 3.230%. The historical 30-Year CMS Rates set forth below should not be taken as an indication of the 30-Year
CMS Rate in the future.

http://www.sec.gov/Archives/edgar/data/72971/000119312514356131/d796973d424b2.htm[9/29/2014 1:12:34 PM]

Document Outline

#1">
- #1">