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Published on 3/5/2012 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo prices $2.32 million growth securities on Financial SPDR

By Susanna Moon

Chicago, March 5 - Wells Fargo & Co. priced $2.32 million of 0% growth securities with upside participation and buffered downside due Sept. 8, 2015 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum return of 43%.

Investors will receive par if the shares fall by up to 15% and will lose 1% for each 1% decline beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:Wells Fargo & Co.
Issue:Growth securities
Underlying fund:Financial Select Sector SPDR
Amount:$2,317,000
Maturity:Sept. 8, 2015
Coupon:0%
Price:Par
Payout at maturity:Par plus 150% of any fund gain, capped at 43%; par if shares fall by up to 15%; 1% loss per 1% drop beyond 15%
Initial level:$14.75
Trigger level:$12.54, 85% of initial level
Pricing date:Feb. 29
Settlement date:March 7
Agent:Wells Fargo Securities, LLC
Fees:2%
Cusip:94986RHL8

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