New Issue: Wells Fargo prices $1.45 million access securities linked to four currencies

By Angela McDaniels

Tacoma, Wash., Dec. 2 - Wells Fargo & Co. priced $1.45 million of 0% access securities due June 7, 2013 linked to the performance of four equally weighted currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, the Australian dollar, the Norwegian krone and the Canadian dollar.

If the basket finishes at or above its initial level, the payout at maturity will be par plus the greater of the basket return and 24%. If the basket finishes below its initial level, investors will be exposed to the decline.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Access securities
Underlying currencies:	Brazilian real, Australian dollar, Norwegian krone and Canadian dollar, equally weighted
Amount:	$1,448,000
Maturity:	June 7, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus greater of basket return and 24% if basket appreciates relative to U.S. dollar; full exposure to any depreciation of basket relative to U.S. dollar
Initial exchange rates:	0.58272 for real; 0.95905 for Australian dollar; 0.16103 for krone; 0.97362 for Canadian dollar
Pricing date:	Nov. 30
Settlement date:	Dec. 7
Agent:	Wells Fargo Securities, LLC
Fees:	2%
Cusip:	94986RBM2

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