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Published on 8/2/2011 in the Prospect News Structured Products Daily.

New Issue: Wells Fargo sells $1.99 million enhanced growth notes linked to S&P 500

By Susanna Moon

Chicago, Aug. 2 - Wells Fargo & Co. priced $1.99 million of 0% enhanced growth securities due Feb. 6, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 36%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:Wells Fargo & Co.
Issue:Enhanced growth securities
Underlying index:S&P 500 index
Amount:$1,992,000
Maturity:Feb. 6, 2015
Coupon:0%
Price:Par
Payout at maturity:Par plus 150% of any index gain, capped at 36%; par if index falls by up to 10%; 1% loss per 1% decline beyond 10%
Initial level:1,292.28
Threshold Level:1,163.05, or 90% of initial level
Pricing date:July 29
Settlement date:Aug. 5
Agent:Wells Fargo Securities, LLC
Fees:2.25%
Cusip:94986REJ6

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