New Issue: Wells Fargo sells $7.01 million enhanced growth notes on fund basket

By Susanna Moon

Chicago, Jan. 3 - Wells Fargo & Co. priced $7.01 million of 0% enhanced growth securities due July 8, 2013 based on a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the SPDR S&P 500 ETF Trust with a 45% weight, the iShares Russell 2000 index fund with a 20% weight, the iShares MSCI EAFE index fund with a 20% weight and the iShares MSCI Emerging Markets index fund with a 15% weight.

The payout at maturity will be par plus 1.25 times any basket gain, up to a maximum return of $1,370 per $1,000 principal amount.

Investors will receive par for losses up to 15% and will share in the losses beyond 15%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Enhanced growth securities
Underlying funds:	SPDR S&P 500 ETF Trust (45% weight), the iShares Russell 2000 index fund (20% weight), the iShares MSCI EAFE index fund (20% weight) and the iShares MSCI Emerging Markets index fund (15% weight)
Amount:	$7,011,000
Maturity:	July 8, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 125% of any basket gain, capped at 37%; exposure to losses beyond 15%
Initial level:	$125.92 for S&P, $78.91 for Russell, $58.15 for MSCI EAFE and $47.07 for MSCI Emerging Markets
Pricing date:	Dec. 29
Settlement date:	Jan. 5
Agent:	Wells Fargo Securities, LLC
Fees:	2.25%
Cusip:	94986RBW0

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