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Published on 6/25/2010 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo prices $4.1 million enhanced growth notes on index basket

By Marisa Wong

Milwaukee, June 25 - Wells Fargo & Co. priced $4.1 million of 0% enhanced growth securities due July 8, 2013 linked to a global equity basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 45% weight, the MSCI EAFE index with a 20% weight, the Russell 2000 index with a 20% weight and the MSCI Emerging Markets index with a 15% weight.

The payout at maturity will be par plus 1.25 times any basket gain, subject to a maximum return of 32%. Investors will receive par for losses up to 20% and will share in any losses beyond 20%.

Wells Fargo Securities, LLC is the agent.

Issuer:Wells Fargo & Co.
Issue:Enhanced growth securities
Underlying indexes:S&P 500 (45% weight), MSCI EAFE (20% weight), Russell 2000 (20% weight) and MSCI Emerging Markets (15% weight)
Amount:$4,098,000
Maturity:July 8, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.25 times any basket gain, up to maximum return of 32%; par if basket falls by 20% or less; full exposure to losses beyond 20%
Initial index levels:1,092.04 for S&P 500; 1,405.14 for MSCI EAFE; 644.25 for Russell 2000 and 960.21 for MSCI Emerging Markets
Pricing date:June 23
Settlement date:June 28
Underwriter:Wells Fargo Securities, LLC
Fees:2.25%
Cusip:94986RAA9

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