New Issue: Wells Fargo prices $7 million buffered enhanced return notes on S&P 500

By Marisa Wong

Madison, Wis., April 25 - Wells Fargo & Co. priced $7 million of 0% buffered enhanced return securities with upside participation to a cap and buffered downside with multiplier due Dec. 30, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 120% of the index return, subject to a maximum return of 18.5%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

Wells Fargo Securities LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Buffered enhanced return securities with upside participation to a cap and buffered downside with multiplier
Underlying index:	S&P 500 index
Amount:	$7,008,000
Maturity:	Dec. 30, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 120% of index return, capped at 18.5%; par if index declines by 10% or less; 1.1111% loss for every 1% drop beyond 10%
Initial level:	1,578.79
Threshold level:	1,420.911
Pricing date:	April 24
Settlement date:	April 29
Agent:	Wells Fargo Securities LLC
Fees:	None
Cusip:	94986RPP0

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