New Issue: Wells Fargo prices $5.75 million growth securities linked to ETFs

By Jennifer Chiou

New York, March 2 - Wells Fargo & Co. priced $5,749,000 of 0% growth securities due Sept. 8, 2014 linked to 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 50% weight, the iShares Russell 2000 index fund with a 25% weight and the SPDR S&P MidCap 400 ETF Trust with a 25% weight.

The payout at maturity will be par plus 200% of any increase in the basket, subject to a maximum return of 26%. Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% that the basket declines beyond 10%.

Wells Fargo Securities, LLC is the agent.

Issuer:	Wells Fargo & Co.
Issue:	Growth securities
Underlying ETFs:	SPDR S&P 500 ETF trust (50% weight), iShares Russell 2000 index fund (25% weight), SPDR S&P MidCap 400 ETF Trust (25% weight)
Amount:	$5,749,000
Maturity:	Sept. 8, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any basket increase, subject to maximum return of 26%; par if basket declines by 10% or less; 1% loss for every 1% that basket declines beyond 10%
Initial share prices:	$136.87 for SPDR S&P 500, $80.99 for iShares Russell 2000, $177.67 for SPDR S&P MidCap 400 ETF Trust
Pricing date:	Feb. 29
Settlement date:	March 7
Agent:	Wells Fargo Securities, LLC
Fees:	1.75%
Cusip:	94986RHE4

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