Wells Fargo again pushes back pricing of notes with geared buffered downside linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., June 19 - Wells Fargo & Co. changed the pricing, settlement and maturity dates of its upcoming equity-linked securities with geared buffered downside linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will price in June and mature in 2013. Originally, they were expected to price and settle in February and mature in February 2013. Later, the issuer delayed pricing and settlement to May and changed the maturity to May 2013.

The notes will pay a monthly coupon.

If the final index level is greater than or equal to the threshold level, the payout at maturity will be par. Otherwise, the payout will be (a) par multiplied by (b) the final index level divided by the initial index level multiplied by (c) the multiplier.

The coupon, threshold level and multiplier will be set at pricing.

Wells Fargo Securities, LLC is the agent.

The Cusip number is 94986RHN4.

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